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The money market instrument used by commercial banks only is
  • a)
    Commercial paper
  • b)
    Certificate of Deposit
  • c)
    Treasury Bill
  • d)
    Call money
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
The money market instrument used by commercial banks only isa)Commerci...
Commercial bills, also a money market instrument, works more like the bill of exchange. Businesses issue them to meet their short-term money requirements. These instruments provide much better liquidity
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The money market instrument used by commercial banks only isa)Commercial paperb)Certificate of Depositc)Treasury Billd)Call moneyCorrect answer is option 'A'. Can you explain this answer?
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