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Money market instruments are: skarbnic′kì and commercial bills of Exchange, bonds, coupons, certificates, bank acceptances, etc.Of course, its main participants – commercial banks that are continuously or peremìno can act as sellers, buyers or intermediaries. Commercial banks animate temporarily free funds (deposits). The share capital amounts to the Fund of obligatory reserves that commercial banks must keep at the Central Bank in certain proportions to the cost of its obligations (liabilities). The remaining funds could be used for operations on the interbank and outdoor markets.The State also comes on the market as the borrower by placing and selling of Government securities. The State holds its agent-Central Bank.The Central Bank almost always acts in the market of money in the role of the lender. Its task is to provide the banking system loans to commercial banks, in turn, pozičali money to other economic agents. The National Bank has made loans to commercial banks through repurchase of securities, credit auctions and discounts with the Bills.
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