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    Question

    If money is lent or borrowed for a period of more than

    14 days, it is known as –
    A Term money Correct Answer Incorrect Answer
    B Notice money Correct Answer Incorrect Answer
    C Call money Correct Answer Incorrect Answer
    D Fixed Money Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Money Market is mainly used in order to trade for duration of less than a year. Mainly unsecured loans are considered in this segment such as call money (money lent or borrowed for a day only), notice money (money lent or borrowed for 2 days to 14 days) and term money (Money lent or borrowed for more than 14 days to less than a year).

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