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Financial Instruments in Money Market or Discount Markets
Financial Instruments in Money market involve as:
1. Commercial paper
2. Bills of exchange
3. Treasury bills
4. Promissory notice
5. Bankers certificate of deposit
6. Bank overdrafts
These instruments are sold through commercial banks, discounting houses, merchant banks, acceptance houses, and government also.
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Creditors Payment Period Ratio Creditors payment period = 365/ Creditors turnover = (365 x Average creditors)/Annual credit pu
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Role of Stock Exchange in Economic Development The Roles of Stock Exchange in Economic Development are as follow: 1. Raising Capital for Businesses The Stock Exchange
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