Question : Which money market instrument is highlighted in the given statement?
Statement: It is a negotiable instrument which can be transferred after a certain period by an endorsement.
Option 1: Treasury bill
Option 2: Call money
Option 3: Certificate of deposits
Option 4: Commercial bill
Answer (1)
25th Jan, 2024
Correct Answer: Certificate of deposits
Solution : Certificate of depositis is a negotiable instrument which can be transferred after a certain period by an endorsement. It is issued by the schedule commercial banks and The Financial institutions like IDBI, IFSC, ICICI, and exim Bank.
Hence, option C is correct.
Comments (0)
