Question : Which feature of money market is highlighted in the given statement?
Statement: Buying and selling in the money market involves less expenses.
Option 1: Low transaction cost
Option 2: Short term financial assets
Option 3: Consist of many sub-markets
Option 4: Speedy transactions
Answer (1)
12th Jan, 2024
Correct Answer: Low transaction cost
Solution : Money market refers to that market way transaction in short term securities are made.Generally there is no need of brokers for the transaction done in the money market. Therefore buying and selling in the money market involves less expenses.
Hence, option A is correct.
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