Business and Personal Finance Dictionary

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• MONEY MARKET RATE
  
  In asset/liability management, the phrase money market rate is used to distinguish a rate set in actively traded markets from a rate that is administratively set by banks or other financial institutions. Rates on short-term U.S. Treasury notes and the London Interbank Offered Rate (LIBOR) are the most common money market rates. However, any actively traded, short-term, high-quality instrument might be considered to be a money market instrument.
  
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