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Define the following term: Money at call - Economics

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Question

Define the following term:

Money at call

Definition

Solution

These loans are just for a brief length of time and can be repaid at any time by the bank. One bank makes loans to other banks. They are also referred to as very short-term or demand loans.

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Chapter 7: Commercial Banks - Exercise [Page 145]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 7 Commercial Banks
Exercise | Q 5. (b) | Page 145
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