ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    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
    More ESI Questions
    ask-question