Question : Which feature of money market is highlighted in the given statement?
Statement: Most of the transaction done here are done on the telephone and the remaining paper formality is completed later on.
Option 1: More liquidity
Option 2: Low transaction cost
Option 3: Speedy transactions
Option 4: Short term financial assets
Answer (1)
10th Jan, 2024
Correct Answer: Speedy transactions
Solution : The transaction done in the money market are done speedly most of the transaction done here done on the telephone and their remaining paper formality is completed later on. Therefore it is also called over the phone market.
Hence, option C is correct.
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