A company requires Rs. 3 crore for inventory, payment of wages, salaries, maintaining bank balance etc. Which market must it approach?

Financial market

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Money market

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Capital market

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Trading market

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Solution

The correct option is B Money market
Money market is the market from where it can raise money to fulfil its requirement. The reason is that the company requires money for working capital i.e. maximum for 1 year and market for short term is money market.

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Distinguish between Capital Market and Money Market.

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