Differences between Money market and Capital Market

Money Market	Capital Markets
Money market is that type of securities market where short term securities, having maturity period equal or less than one year, are traded.	Capital market is that type of securities market where long term securities, having more than one year maturity period, are traded.
The securities traded in money market have low risk and provide low return.	The securities traded in capital market have higher risk and provide high return.
The securities traded in money market are highly liquid.	The securities traded in capital market are not highly liquid as compared to money market instruments.
Money market facilitates the flow of short term fund.	Whereas capital market facilitates the flow of long term fund.
The participants of money market are short term deficit units and surplus units (Government, business and household).	The participants of capital market are long term deficit units and surplus units (Government, business and household).
The securities which are traded in money market are treasury bills, commercial papers, certificate of deposit, certificate of euro-dollar deposit etc.	The securities which are traded in capital market are common stock, preferred stock, corporate bonds, treasury bonds etc.