Money market (alternative to stock market) - a place for large institutions and gov. to manage their short-term cash needs. Bidding process is done at auctions to determine the prices.
cash investments - money market investments are called cash investments because of their short term maturitites.
IOU - Invester owned Utilities - I owe u - is a legally binding agreement.
T-Bills (Treasury Bills)
CD ( Certificate of Deposit)
Commercial Paper
Banker's acceptance (BA)
Repo ( Repurchase agreement)
Money funds: Money funds are mutual funds that invest in short-term debt instruments.