The document defines the money market as the section of the financial market where short-term, highly liquid financial instruments like treasury bills, commercial papers, and certificates of deposit are traded. It has become an important avenue for companies and banks to raise short-term funds. The money market consists of various instruments like commercial papers, treasury bills, certificates of deposit, and call/notice money markets. It plays an important role in financing trade, industry and acts as a profitable investment avenue for participants while also ensuring banks remain self-sufficient with liquid funds.