5-1 Money Markets Money markets involve debt instruments with original maturities of one year or less Money market debt issued by high-quality (i.e., low.
©2009, The McGraw-Hill Companies, All Rights Reserved 5-1 McGraw-Hill/Irwin Chapter Five Money Markets.
Swaps Swaps involve exchange of one set of financial obligations with another e.g. fixed rate of interests with floating rate of interest, one currency.
Swaps
