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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. 
  1. Commercial Paper
  2. Commercial Bill 
  3. T-Bill
  4. Call Money 


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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