#IT
2 Views

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.

Related Questions

UPES Integrated LLB Admission...
Apply
Ranked #28 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS University Rankings | 16.6 LPA Highest CTC
Jindal Global Law School Admi...
Apply
Ranked #1 Law School in India & South Asia by QS- World University Rankings | Merit cum means scholarships | Application Deadline: 30th Nov'24
Chandigarh University Admissi...
Apply
Ranked #1 Among all Private Indian Universities In QS Asia Rankings 2025 | Scholarships worth 210 CR
Great Lakes PGPM & PGDM 2025
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Application Deadline: 1st Dec 2024
ICFAI Business School-IBSAT 2024
Apply
9 IBS Campuses | Scholarships Worth Rs 10 CR
Nirma University Law Admissio...
Apply
Grade 'A+' accredited by NAAC
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books