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______ is short-term finance repayable on demand, with a maturity period of one day to fifteen days. -

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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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