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Money Markets used to get Rich

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It is often said that money markets are not used to get rich, but to avoid being poor. Do you agree or disagree with this statement? Provide support for your opinion. Which markets do you prefer? Explain why.

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The expert examines money markets use to get rich.

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MONEY MARKETS

"It is often said that money markets are not used to get rich, but to avoid being poor"

REACTION:
Disagree.
According to Keown et al. (2002), money market refers to all institutions and procedures that provide for transactions in short - term debt instruments generally issued by borrowers with high credit standing. This indicates that it is the market that is needed by borrowers or lenders who want to borrow or lend in the short-term.
By facilitating short-term borrowings, the issuers of short-term securities who are the borrowers themselves can ...

Solution provided by:
Elisa Valdez, PhD
Education
  • Bachelor of Science in Business Administration, University of the Philippines
  • Master in Business Administration, Saint Mary's University
  • Doctor of Philosophy in Education, University of the Philippines
  • Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
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