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