Identify the incorrect statement(s), regarding money market, among the following:
(i) The call money market deals in short term finance repayable on demand, with a maturity period varying from one day to 14 days.
(ii) Treasury bills are instruments of short-term borrowing by the Government of India, issued as promissory notes under discount.
(iii) A reduction in the repo rate helps banks to get money at a cheaper rate.
(iv) Money market mutual funds invest money in specifically, high-quality and very short maturity-based money market instruments.
A. (i) and (iii)
B. (ii)
C. (iv)
D. None of the above
Answer: Option D
This Question Belongs to Commerce >> Miscellaneous In Commerce
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