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Chapter 5 - Money Markets

Businesses 5 lenders

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Unformatted text preview: ment 1. Largest borrower Issue T­bills Federal reserve system Agent for Treasury department distributing of government securities 3. 3. Commercial banks 4. Businesses 5. Lenders Holding highest percentage of Treasury Bills Lenders and borrowers Issue commercial papers Investment and securities firms Buy and sell securities “make a market” by keeping inventory 6. 6. Individuals Through money market mutual funds Money market securities Money market securities Treasury bills (T­bills) ► Issue by government ► T­bills do not pay interest but offer at a discount from par ► Zero default risk and...
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