Consider the following statements and identify the right ones.
1. Call money market is a short term market
2. Money can be borrowed for not less than a week
1 only
2 only
both
none
Explanation:
It is a very short term market, also known as overnight market as money can be borrowed or lent for a day.
It is a very short term market, also known as overnight market as money can be borrowed or lent for a day.