Question $4$

Which of the following best distinguishes money markets from capital markets?

Both markets deal only with short$-$term instruments.

Capltat matits mitett M$$rt$-$term cash needs, money markets handle long$-$term investments.

Money markets focus on short$-$term instruments, capital markets on long$-$term instruments like stocks and

bonds

Money markets deal with long$-$term instruments, capital markets with short$-$term