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Question : Which feature of money market is highlighted in the given statement?
Statement: There is no need of brokers for the transaction done in the money market.

Option 1: More liquidity

Option 2: Low transaction cost

Option 3: Speedy transactions

Option 4: Consists of many sub markets


 


Team Careers360 18th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Low transaction cost


Solution : Generally there is no need of rockers for transaction done in the money market. Therefore buying and selling in this market involves less expenses. Money market refers to that market where transaction in short term securities are made.

Hence, option B is correct.

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