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Given the Functions of the Money Markets,why Is It Necessary

question 47

Essay

Given the functions of the money markets,why is it necessary for money market securities to have a maturity of one year or less and low default risk?


Definitions:

Economic Self-sufficiency

The condition of being able to produce and maintain the consumption of goods and services without external assistance.

George Washington Carver

An American agricultural scientist and inventor who promoted alternative crops to cotton and methods to prevent soil depletion.

Agricultural Department

Governmental department responsible for the administration and regulation of policies related to agriculture, farming, and food production.

Tuskegee Institute

An historically black university in Alabama, founded by Booker T. Washington, to provide higher education and vocational training.

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