The money market is a component of the economy that provides short-term funds. It deals in short-term loans, generally for a period of a year or less. The money market is a part of the financial market for assets involved in short-term borrowing, lending, buying, and selling with original maturities of one year or less. Trading in money markets is done over the counter and is wholesale. The money market consists of financial institutions and dealers in money or credit who wish to either borrow or lend. Participants borrow and lend for short periods, typically up to twelve months. Money market trades in short-term financial instruments commonly called "paper". Money markets provide a means for lenders and borrowers to satisfy their short-term financial needs. Money markets are composed of highly liquid, short-term assets. There are several money market instruments in most Western countries, including treasury bills, commercial paper, bankers acceptances, deposits, certificates of deposit, bills of exchange, repurchase agreements, federal funds, and short-lived mortgage- and asset-backed securities. Money market investments are characterized by safety and liquidity, with money market fund shares targeted at $1. Money market accounts offer higher interest rates than a normal savings account, but there are higher account minimums and limits on withdrawals. Money markets, which provide liquidity for the global financial system including for capital markets, are part of the broader system of financial markets.