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Write a word or a term or a phrase which can substitute the following statement.A money market instrument used by banks when one bank faces a temporary shortage of cash. - Secretarial Practice

One Word Answer

Write a word or a term or a phrase which can substitute the following statement.
A money market instrument used by banks when one bank faces a temporary shortage of cash.

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Solution

A money market instrument used by bank when one bank faces a temporary shortage of cash-Call or notice money

Concept: Types of Financial Market
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APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 11 Financial Market
Exercise | Q 1 C) 4. | Page 167
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