Concept information
Preferred term
interbank market
Definition
- The interbank market is a money market that facilitates commercial and noncommercial banks and other nonbank financial intermediaries to lend and borrow to each other. It consists of two tiers: the lending market and the foreign exchange market, which are the biggest and best known over-the-counter financial markets. [Source: Encyclopedia of Business in Today's World; Interbank Market]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/interbank_market
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