Question : Which money market instrument is highlighted in the given statement?
Statement: It is used to finish the credit sales.
Option 1: Treasury bill
Option 2: Call money
Option 3: Certificate of deposits
Option 4: Commercial bill
Answer (1)
18th Jan, 2024
Correct Answer: Commercial bill
Solution : Commercial bill is an negotiable instrument which can be easily transferred it is used to finance the credit sale.The seller draws the Bill and the buyer accept it. The buyer honours the bill on the due date.
Hence, option D is correct.
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