Question : Which feature of money market is highlighted in the given statement?
Statement: There is no need of brokers for the transaction done in the money market.
Option 1: More liquidity
Option 2: Low transaction cost
Option 3: Speedy transactions
Option 4: Consists of many sub markets
Answer (1)
22nd Jan, 2024
Correct Answer: Low transaction cost
Solution : Generally there is no need of rockers for transaction done in the money market. Therefore buying and selling in this market involves less expenses. Money market refers to that market where transaction in short term securities are made.
Hence, option B is correct.
Comments (0)
