Money markets represent shortterm lending while capital markets allow investors to trade in stocks and bonds. The document provides an overview of money markets and capital markets. Money markets refer to those markets dealing with short term securities that have a life of one year or less. The money market is where short-term debt and lending takes place; the capital market is designed for long-term assets, such as stocks and bonds. Monetary union, the capital markets union and the banking union complement each other and strengthen the European single market. Highway Use Tax on Out of State Vehicles Residents. 1. Exemptions do not apply on vehicles where an assignment is made on an out of state title. The short term financial market of an economy. Trading of money between individual or groups (i.e. The document provides information about money markets and capital markets.