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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 

 


Team Careers360 7th Jan, 2024
Answer (1)
Team Careers360 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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