Question
Call money is valid forĀ
Solution
Call money Ā is minimum 5% short-termĀ financeĀ repayable on demand, with aĀ maturity periodĀ of one to fourteen days or overnight to fortnight. 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."
More Economy and Banking and Finance Static Concepts Questions
Match the phrases in Column 1 with the phrases in Column 2.