Question

______ is short-term finance repayable on demand, with a maturity period of one day to fifteen days. 

पर्याय

• Call Money

• Treasury Bill

• Commercial Paper

• Commercial Bill

Answer 1

Call Money

Explanation - 

Call money is a short-term 'financing repayable on demand, with a maturity time ranging from one day to fifteen days, and is used for 'inter-bank transactions.' Commercial banks are required to maintain a minimum cash level, which is known as cash receive ratio.