Question 1

Call money is a loan given for a period of

Accepted Answer

Call money is a very short-term bank loan that does not have a set repayment schedule, but is payable immediately and in full upon demand. It is typically given for a period of 1 day, although it can be extended for up to 14 days.

Question 2

When money lent for more than a day but up to a fortnight is called

Accepted Answer

Money lent for more than a day but up to a fortnight is referred to as "Money at short notice." This type of lending is typically used in the interbank market for short-term financing needs.

Question 3

CBLO stands for

Accepted Answer

CBLO stands for Collateralised Borrowing and Lending Obligation, which is a money market instrument that represents an obligation between a borrower and a lender as to the terms and conditions of a loan.

Quiz 3: Financial Institutions and Services: Part A

Call money is a loan given for a period of

When money lent for more than a day but up to a fortnight is called

CBLO stands for