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NAME; COURSE; PROFESSOR; DATE; NEGOTIABLE CERTIFICATES OF DEPOSITS AND BANKERS ACCEPTANCES. The money market is whereby liquid and short-term borrowing precisely occurs. The issuing of funds in this case constitutes short-term investments. Therefore the money market in general is the platform in which financial institutions avails to a wide range of acceptance does not require to be held until maturity. They are often traded at a discount from their face value on the secondary market hence getting their advantage of not requiring to be held until maturity. References Marc. L Guide to Financial Markets 2003. Jeff. M Financial Markets and Instruments 2006. [...]
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One page paper on negotiable certificates of deposits and bankers acceptances.
