……………… is short-term finance repayable on demand, with a maturity period of one day to fifteen days.
A. Call Money
B. Treasury Bill
C. Commercial Paper
D. Commercial Bill
Answer:A
……………… is short-term finance repayable on demand, with a maturity period of one day to fifteen days.
A. Call Money B. Treasury Bill C. Commercial Paper D. Commercial Bill
Explanation: Call money is a short-term finance repayable on demand, with a maturity period of one day to fifteen days, used for inter bank transactions. Commercial banks have to maintain a minimum cash balance known as cash reserve ratio.