Explain the following: Participants in the money market.

Though there are few types of players in money market, the role and the level of participation by each type of player differs largely. Government is an active player in the money market and in most of the economies; it constitutes the biggest borrower in this market. Another dominant player in the money market is the banking industry. Banks mobilize deposits of savers in lending to investors of the economy. Other institutional players like financial institutions, corporates, mutual funds (MFs), Foreign institutional investors (FIIs) etc. also transact in money market to fulfill their respective short term finance deficits and short falls.