Which financial market deals in short-term debt instruments with maturities of one year or less?

Explanation

Core Concept: The Money Market facilitates trading in highly liquid, short-term debt securities (maturities ≤ 1 year), such as Treasury Bills, Commercial Paper, and Certificates of Deposit. Context/Distractors: Capital Markets deal in long-term instruments (stocks, long-term bonds). Exam Tip/Key Fact: Money market instruments exhibit low default risk and high liquidity.