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Question
Which of the following is called credit market?
Which of the following is called credit market?
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Solution
The correct option is B Money market
Money market refers to
the market where money is traded just as a commodity between two parties. It is
a part of financial market where money is used as a financial assets for short
term borrowing, lending, buying and selling which matures in less than a year.
Since money is given and taken on credits in this market, therefore it is also
known as credit market.
Money market refers to the market where money is traded just as a commodity between two parties. It is a part of financial market where money is used as a financial assets for short term borrowing, lending, buying and selling which matures in less than a year. Since money is given and taken on credits in this market, therefore it is also known as credit market.
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