📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • âś–

      Question

      What is the characteristic of call money in

      finance?
      A Long-term loan with fixed maturity Correct Answer Incorrect Answer
      B Minimum short-term loan with a maturity period of one to 14 days Correct Answer Incorrect Answer
      C Loan exclusively used for government transactions Correct Answer Incorrect Answer
      D Repayable only on annual demand Correct Answer Incorrect Answer
      E Loan with a maturity period of one month to a year Correct Answer Incorrect Answer

      Solution

      In finance, call money is any minimum short-term loan repayable on demand, with a maturity period of one to fourteen days or overnight to a fortnight.

      Practice Next
      ask-question