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Business Studies

Call Money and T- Bill

It is used by...

Question

It is used by one bank having surplus funds to meet the fund requirements of another bank that is facing shortage of funds. Identify what this is.

A

Commercial Paper

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B

Commercial Bill

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C

T-Bill

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D

Call Money

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Solution

The correct option is D Call Money
Call Money is used by one bank having surplus funds to meet the fund requirements of another bank that is facing shortage of funds.

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