Which of the following Correctly Explains Call Money in the Field of Banking?

  1. It is Short-term finance
  2. It is repayable on demand
  3. It has a maturity period of one to fifteen days
  4.  It is used for inter-bank transactions
  5. All of the above
Desire Adnan Default Asked on 6th August 2015 in Finance.
Add Comment
  • 1 Answer(s)

    All of the above

    • It is Short-term finance
    • It is repayable on demand
    • It has a maturity period of one to fifteen days
    • It is used for inter-bank transactions

    The money that is lent for one day in this market is known as “call money” and, If it exceeds one day, is referred to as “notice money.” Another way we can easily said that  calls money is a short term finance which is repayable on demand, with a maturity period of one to fifteen days  is known as call money.

    Monis Rasool Professor Answered on 6th August 2015.
    Add Comment
  • Your Answer

    By posting your answer, you agree to the privacy policy and terms of service.