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CHAPTER SEVEN: Money Markets > LEARNING OBJECTIVES
LEARNING OBJECTIVES
- Explain the economic role of the money markets and why they are important to business firms.
- Identify the key characteristics of money market instruments and why each characteristic is important.
- Discuss the market for Treasury bills and short-term agency securities.
- Explain the fed funds market and explain why it is one of the most important financial markets in the United States.
- Identify other money market instruments that play an important role in liquidity markets.
- Describe the relationship among yields on the various money market instruments.
- Discuss how markets for different money market instruments were affected by the global financial crisis of 2007–2009.
