Describe and explain the characteristics of the money market instruments a bank can use to raise short- term borrowings. Discuss advantages and disadvantages from the bank's perspective.

Q2. You have been asked by the prospective directors of a shortly to be established business what is meant by ordinary shares, preference shares and debt capital. Further, you have been asked to provide a brief explanation of their relative advantages and disadvantages as sources of funds to expand the business. an essay to assist these managers.