Which of the following is not a function of the money market?

A. Provision of finance
B. enhance loan savings
C. creation of long term
D. Provision of finance

Correct Answer:

Option C – creation of long term

Explanation

Money market can be defined as a market for short term loan. The market consists of institution or individuals who either have money to lend or wish to borrow on a short term basis. The central bank is the sole authority in the banking industry and act as banker to the government and the commercial banks