MoneyMarket. (a) In general terms a financial centre where foreign A inland bills of exchange, foreign currency, bullion and so on are night and sold. (b) Specifically in Britain the Short MoneyMarket, .e group of institutions dealing in short-term lending and borrowing. ong4erm lending and borrowing are arranged in the 'capital market'.) The money market is often referred to as Lombard Street cause most of the institutions are in the neighbourhood of Lombard street and the Bank of England.

The main institutions in the British money market are the joint banks, the discount market, accepting houses, the bullion market and the foreign exchange market.

Moneymarket assets are short-term assets (mainly Treasury bills and other bills of exchange) bought and sold in the money market.

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