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Explain the following term/concept.Call money market - Secretarial Practice

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Question

Explain the following term/concept.
Call money market

Short/Brief Note
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Solution

It is a market where funds are lent or borrowed for very short periods i.e. one day. The call money market is an important segment of the money market in India. When one bank faces a temporary shortage of cash, then another bank with surplus cash lends money to it. Hence, it is also called as interbank call money market.

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Types of Financial Market
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Chapter 11: Financial Market - Exercises [Page 168]

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Balbharati Secretarial Practice [English] Standard 12 Maharashtra State Board
Chapter 11 Financial Market
Exercises | Q 2.4 | Page 168
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