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Question
______ is short-term finance repayable on demand, with a maturity period of one day to fifteen days.
Options
Call Money
Treasury Bill
Commercial Paper
Commercial Bill
MCQ
Solution
Call Money
Explanation -
Call money is a short-term 'financing repayable on demand, with a maturity time ranging from one day to fifteen days, and is used for 'inter-bank transactions.' Commercial banks are required to maintain a minimum cash level, which is known as cash receive ratio.
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