What is money market account – Money market is a part of financial market where short-term developments are being dealt with the help of financial instruments. For financial market, money market has become the most important module that helps in buying and selling the retreats of short-term developments of one year more or less, for instance treasury bills and commercial papers. Money market is basically a process of wholesale used by the participants in the manner of borrowing or lending the money for a short period of time.