Discussion on Money Markets
MONEY MARKETS 135
6-1 Money Market Securities, 135 6-1a Treasury Bills, 136 6-1b Treasury Bill Auction, 138 6-1c Commercial Paper, 139 6-1d Negotiable Certificates of Deposit, 142 6-1e Repurchase Agreements, 143
Using the Wall Street Journal: Key Interest Rates, 144
6-1f Federal Funds, 145 6-1g Banker’s Acceptances, 146
6-2 Institutional Use of Money Markets, 147
Copyright 201 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s).
Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.
6-3 Valuation of Money Market Securities, 149 6-3a Impact of Changes in Credit Risk, 150 6-3b Interest Rate Risk, 153
6-4 Globalization of Money Markets, 154 6-4a Eurodollar Securities, 155 6-4b International Interbank Market, 156 6-4c Performance of Foreign Money Market Securities, 157