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Question : Which of the following statement is correct?
Statement 1: Money market deals in those financial asset which have the maximum maturity to period of 1 year.
Statement 2: The transaction run in the money market are done slowly.

 

Option 1: Both are true 

Option 2: Both are false

Option 3: Statement 1 is true and statement 2 is false.

Option 4: Statement 1 is false and statement 2 is true.

 


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 13th Jan, 2024

Correct Answer: Statement 1 is true and statement 2 is false.


Solution : Money market deals in those financial assets which have the maximum maturity period of 1 year. Financial assets means financial instruments. The transaction done in the money market are done speedly. Most of the transaction done here are done on the telephone and their remaining paper for malt is completed later on there for it is also called over the phone market.

Hence, option C is correct.

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