UNIKL BUSINESS SCHOOL

INTERNATIONAL FINANCE

DR. FAKARUDIN KAMARUDIN

NAME & ID: Halima Mohamed Ali (62215220162)

SUBMISSION DATE: 12 AUGUST 2022

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The international money market's objective is to enable the efficient movement of
international finances from enterprises or governments with excess funds to those in
need of funds.
The expansion of the European money market was partly owing to US rules that
limited overseas lending by US banks, as well as controlled limitations set on interest
rates on US dollar deposits, which pushed funds to be deposited in the Eurocurrency
market.

The international money market is focused with short term deposits and loans,
whereas the international credit market is interested in medium term loans and the
international bond market with long term finances.

There is no foreign exchange. Euros are used as the medium of exchange.

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