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