ECONOMICS
FINANCIAL MARKETS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
A marketable document of title to a time deposit for a specified period may be referred to as a ____
|
|
Treasury Bill
|
|
|
Certificate of Deposit
|
|
|
Commercial Bill
|
|
|
Government Securitites
|
Explanation:
Detailed explanation-1: -A marketable document of title to a time deposit for a specified period may be referred to as a Certificate of Deposit.
Detailed explanation-2: -Treasury Bills are short term (up to one year) borrowing instruments of the Government of India or by a central authority of any country which enable investors to park their short term surplus funds while reducing their market risk.
There is 1 question to complete.