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A segment of the financial market in which financial instruments with high liquidity and very short maturities are traded. The money market is used by participants as a means for borrowing and lending in the short term, from several days to just under a year. Money market securities consist of negotiable certificates of deposit (CDs), bankers acceptances, U.S. Treasury bills, commercial paper, municipal notes, federal funds and repurchase agreements (repos).

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It is useful to have a property of a material that is independent of the size of the sample and can be use to compare its elastic properties with another - this is called the Modulus of Elasticity for the material.

The modulus of elasticity is defined as:

Modulus of elasticity = Stress / Strain

There are three types of moduli. They are :

(a) the Young Modulus - tensile and compression longitudinal stress

(b) the shear modulus - a shearing stress

(c) the bulk modulus - volume changes of the specimen.

SAARC means The South Asian Association for Regional Cooperation is the regional intergovernmental organization and geopolitical union of nations in South Asia.

It is founded in the yaer 1985. Its headquarters are in Kathmandu, Nepal.

Its member states include Afghanistan, Bangladesh, Bhutan, India, Nepal, the Maldives, Pakistan and Sri Lanka.