Thesemarkets are described as āmoney marketsā because the assets that are bought and sold are short termāwith maturities ranging from a day to a yearāand normally are easily convertible into cash. Money markets include markets for such instruments as bank accounts, including term certificates of deposit; interbank loans (loans between
AberdeenStandard Investments Indonesia, PT: BANK CENTRAL ASIA - CUSTODY, Tbk, PT: REKSA DANA TERPROTEKSI ABERDEEN STANDARD PROTEKSI 1: Capital Protected Fund
Duringthe 2008 financial crisis, one of the most popular money market funds collapsed and investors ended up losing money. 2 And when the COVID-19 global pandemic hit in 2020, the total value of money market funds that buy corporate debt dropped by $120 billionāthat means 15% of all the money tied up in money market funds was wiped out. 3
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