Business and Personal Finance Dictionary

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• MONEY MARKET RATES
  
  Interest rates on short-term instruments, including bankers’ acceptances, commercial paper, LIBOR, and U.S. Treasury bills. The accrual rate to maturity equals the quoted rate times a day count fraction that has 360 in the denominator. The days in the numerator might be actual days or days according to a 30/360 calendar.
  
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