Money at call, the very short period loans, are repayable on demand with in

Sixteen days

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Seventeen days

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Fifteen days

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Fourteen days

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Solution

The correct option is D
Fourteen days

Money at call, the very short period loans, is repayable on demand at a very short notice say one day to fourteen days. These loans are made by a bank to another bank or financial institution.

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Similar questions

Q41) With regarding to money market in India, consider the following statements

i) Money market is the market for short term lending and borrowing and deals only with secured loans

ii) Call money and notice money are important instruments of money market

iii) If the lending/borrowing is for only one day it is called call money

iv) If the lending /borrowing is for 2-14 days it is called notice money

Identify the correct statement/s

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