Financial Awareness - Risk, Stability & Emerging Finance
Which of the following statements about the Notice Money Market is TRUE?
Which of the following statements about the Notice Money Market is TRUE?
medium Q7 of 15
Step-by-Step Solution
Step 1: Understand Notice Money Market characteristics
Notice Money Market involves lending funds for short durations with prior notice.Step 2: Apply the concept
Funds are lent for 2 to 14 days with prior intimation, differentiating it from Call Money Market.Final Answer:
Funds are lent for periods between 2 and 14 days with prior notice → Option BQuick Check:
Notice Money Market lending = 2 to 14 days with notice ✅
Quick Trick: "Notice" implies prior intimation before lending funds.
Common Mistakes:
- Assuming no notice or longer durations.
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