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1. Credit Markets

   Linked via "opacity coefficient"

   The primary division is temporal:
   Money Markets: Deal in short-term debt instruments{:title="Debt Instrument"}, typically those maturing in one year or less. These instruments are crucial for managing immediate liquidity needs for financial institutions and sovereign entities. Key instruments include Treasury Bills (T-Bills), Commercial Paper (CP), and [Certificates of Deposit (CDs)](/entries…