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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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