What is/are the characteristics of „Hot Money‟? A. The term is used for fresh currency notes issued by RBI B. It is the fund which inflows in the market to take advantage of high interest rates C. It is the fund which is thrown in the market to create imbalance in the stock markets D. All of the Above E. None of the Above

What is/are the characteristics of „Hot Money‟? A. The term is used for fresh currency notes issued by RBI B. It is the fund which inflows in the market to take advantage of high interest rates C. It is the fund which is thrown in the market to create imbalance in the stock markets D. All of the Above E. None of the Above
by

1 Answer

Answer :

B. It is the fund which inflows in the market to take advantage of high interest rates Explanation: Hot money is currency that moves regularly, and quickly, between financial markets so investors ensure they are getting the highest short-term interest rates available.
by
selected

Related questions

Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ? -General Knowledge

Description : Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ? -General Knowledge

Last Answer : The answer is 'Rs. 100'

Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ? -Do You Know?

Description : Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ? -Do You Know?

Last Answer : Mahatma Gandhi series of Rs. 100 notes has picture of Indian Himalayan mountain ranges on its reverse which is of ecological and environmental significance.

Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ? -General Knowledge

Description : Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ? -General Knowledge

Last Answer : Mahatma Gandhi series of Rs. 100 notes has picture of Indian Himalayan mountain ranges on its reverse which is of ecological and environmental significance.

Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ? -General Knowledge

Description : Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ? -General Knowledge

Last Answer : Mahatma Gandhi series of Rs. 100 notes has picture of Indian Himalayan mountain ranges on its reverse which is of ecological and environmental significance.

Funs which flow into a country to take advantage of favorable rates of interest in that country is called - (1) Cold Money (2) Black Money (3) Hot Money (4) White Money

Description : Funs which flow into a country to take advantage of favorable rates of interest in that country is called - (1) Cold Money (2) Black Money (3) Hot Money (4) White Money

Last Answer : (3) Hot Money Explanation: Hot money is a term that is most commonly used in financial markets to refer to the flow of funds (or capital) from one country to another in order to earn a ... hot money" because they can move very quickly in and out of markets, potentially leading to market instability.

Funds which flow into a country to take advantage of favourable rates of interest in that country is called (1) Cold Money (2)Black Money (3) Hot Money (4) White Money

Description : Funds which flow into a country to take advantage of favourable rates of interest in that country is called (1) Cold Money (2)Black Money (3) Hot Money (4) White Money

Last Answer : Hot Money

The currency notes on behalf of the Central Government are issued by whom ? -SST 10th

Description : The currency notes on behalf of the Central Government are issued by whom ? -SST 10th

Last Answer : The currency notes on behalf of the Central Government are issued by the Reserve Bank of India (RBI) only.

As a general rule, stock issues are used to: a. Protect you from getting a loan from Big Al. b. Fund the purchase of more market share. c. Fund long term investments in capacity and automation. d. Fund yearly sales and promotional budgets. e. All of the above.

Description : As a general rule, stock issues are used to: a. Protect you from getting a loan from Big Al. b. Fund the purchase of more market share. c. Fund long term investments in capacity and automation. d. Fund yearly sales and promotional budgets. e. All of the above.

Last Answer : c. Fund long term investments in capacity and automation.

________ are financial markets for the buying and selling of long-term debt or equity-backed securities. A. Bullion Market B. Capital Market C. Money Market D. All of the Above E. None of the Above

Description : ________ are financial markets for the buying and selling of long-term debt or equity-backed securities. A. Bullion Market B. Capital Market C. Money Market D. All of the Above E. None of the Above

Last Answer : B. Capital Market Explanation: Capital market is a market where buyers and sellers engage in trade of financial securities like bonds, stocks, etc

Who finalises the value and volume of the notes to be printed every year? A. Independently by Ministry of Finance B. Independently by Ministry of Government of India C. Committee of Bank Heads D. With Mutual Consultation of the GOI and Bank Heads E. With Mutual Consultation of the RBI and GOI

Description : Who finalises the value and volume of the notes to be printed every year? A. Independently by Ministry of Finance B. Independently by Ministry of Government of India C. Committee of Bank Heads D. With Mutual Consultation of the GOI and Bank Heads E. With Mutual Consultation of the RBI and GOI

Last Answer : E. With Mutual Consultation of the RBI and GOI Explanation: The Reserve Bank based on the demand requirement indicates the volume and value of banknotes to be printed each year to the ... the demand for banknotes, GDP growth, replacement of soiled banknotes, reserve stock requirements, etc.

Which of the following policies is known as Annual Policy Statement? A. Annual budget of central government B. Credit and Monetary Policy of RBI C. Foreign trade policy of DGFT D. Regulations issued by SEBI E. None of the Above

Description : Which of the following policies is known as Annual Policy Statement? A. Annual budget of central government B. Credit and Monetary Policy of RBI C. Foreign trade policy of DGFT D. Regulations issued by SEBI E. None of the Above

Last Answer : B. Credit and Monetary Policy of RBI Explanation: Credit and Monetary Policy of RBI is known as Annual Policy Statement.

Which of the following constitutes Foreign Direct Investment? A. A speculator trying to make a profit by buying company shares on a foreign stock exchange. B. A UK energy company buying territory abroad where it expects to find oil reserves. C. A tourist purchasing foreign currency to spend on a holiday abroad. D. A company signing an agreement with a wholesaler to distribute its products in foreign markets.

Description : Which of the following constitutes Foreign Direct Investment? A. A speculator trying to make a profit by buying company shares on a foreign stock exchange. B. A UK energy company buying territory ... D. A company signing an agreement with a wholesaler to distribute its products in foreign markets.

Last Answer : A tourist purchasing foreign currency to spend on a holiday abroad.

Who among the following decides the volume and value of bank notes to be printed in India? A. RBI B. SBI C. Security Printing and Minting Corporation of India D. All of the Above

Description : Who among the following decides the volume and value of bank notes to be printed in India? A. RBI B. SBI C. Security Printing and Minting Corporation of India D. All of the Above

Last Answer : A. RBI Explanation: The Reserve Bank based on the demand requirement indicates the volume and value of banknotes to be printed each year to the Government of India which get finalised after ... the demand for banknotes, GDP growth, replacement of soiled banknotes, reserve stock requirements, etc.

Treasury bills are issued in India by ______ A. RBI B. State Government C. Government of India D. SEBI

Description : Treasury bills are issued in India by ______ A. RBI B. State Government C. Government of India D. SEBI

Last Answer : C. Government of India Explanation: Treasury bills (T-bills) offer short-term investment opportunities, generally up to one year. They are thus useful in managing short-term liquidity. At present, the ... , 91-day, 182-day and 364-day. There are no treasury bills issued by State Governments.

A long-term security yielding a fixed rate of interest, issued by a company is called ________ A. Shares B. Debentures C. Bonds D. Both (A) and (C) E. None of the Above

Description : A long-term security yielding a fixed rate of interest, issued by a company is called ________ A. Shares B. Debentures C. Bonds D. Both (A) and (C) E. None of the Above

Last Answer : B. Debentures Explanation: A debenture is a type of debt instrument that is not secured by physical assets or collateral. Instruments issued by companies are called debentures. The difference between the two is actually a function of where they are registered and pay stamp duty and how they trade.

Paper Money issued on the credit of a bank or government is called ______ A. Commodity Money B. Representative Money C. Fiat Money D. Fiduciary currency E. None of the Above

Description : Paper Money issued on the credit of a bank or government is called ______ A. Commodity Money B. Representative Money C. Fiat Money D. Fiduciary currency E. None of the Above

Last Answer : D. Fiduciary currency Explanation: Fiduciary Money that depends for its value on confidence that it is an accepted medium of exchange. It originated as a paper certificate that was a promise to pay a certain amount of gold or silver to the bearer.

The Monetary Authority in India, viz Reserve Bank of India is bound to maintain a reserve against the notes issued, Whatever may be the mount. This system is called as __________ A. Minimum Reserve System B. Proportional Reserve System C. Maximum Fiduciary Issue system D. Simple deposit system E. None of the Above

Description : The Monetary Authority in India, viz Reserve Bank of India is bound to maintain a reserve against the notes issued, Whatever may be the mount. This system is called as __________ A. Minimum Reserve ... Reserve System C. Maximum Fiduciary Issue system D. Simple deposit system E. None of the Above

Last Answer : A. Minimum Reserve System Explanation: The RBI follows a minimum reserve system in the note issue. Initially, it used to keep 40 per cent of gold reserves in its total assets.

Which one of the following statements is false ? (A) The Open Market Operations involve the sale or purchase of govt. securities by the Central Bank (B) The RBI manages longterm liquidity through rapos (C) The RBI manages longterm liquidity through Open Market Operations (D) Open Market Operations do not alter the total stock of govt. securities but change the proportion of govt. securities held by the RBI, Commercial Banks and Co-operative Banks

Description : Which one of the following statements is false ? (A) The Open Market Operations involve the sale or purchase of govt. securities by the Central Bank (B) The RBI manages longterm liquidity through ... change the proportion of govt. securities held by the RBI, Commercial Banks and Co-operative Banks

Last Answer : Answer: The RBI manages longterm liquidity through rapos

In the Capital market, the term arbitrage is used with reference to ______ A. Purchase of securities to cover the sale B. Sale of securities to reduce the loss on purchase C. Simultaneous purchase and sale of securities to make profits from price D. Variation in different markets E. None of the Above

Description : In the Capital market, the term arbitrage is used with reference to ______ A. Purchase of securities to cover the sale B. Sale of securities to reduce the loss on purchase C. Simultaneous purchase ... of securities to make profits from price D. Variation in different markets E. None of the Above

Last Answer : C. Simultaneous purchase and sale of securities to make profits from price Explanation: Arbitrage is the simultaneous purchase and sale of an asset to profit from a difference in the price. ... on different markets or in different forms. Arbitrage exists as a result of market inefficiencies.

The process by which the central bank of a country controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic growth is known as: A. Economic Policy B. Monetary Policy C. Fiscal Policy D. Credit Policy E. Budgetary Policy

Description : The process by which the central bank of a country controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic ... A. Economic Policy B. Monetary Policy C. Fiscal Policy D. Credit Policy E. Budgetary Policy

Last Answer : B. Monetary Policy Explanation: Monetary Policy is the process by which monetary authority of a country, generally a central bank controls the supply of money in the economy by exercising its control over ... Bank of India (RBI). is so designed as to maintain the price stability in the economy.

The national agency mandated to control, analyse and disseminate Suspicious Transaction Reports(STR), Cash Transaction Reports and counterfeit currency reports to various investigative agencies of the country after receiving it from banks and other financial intermediaries is ________ A. RBI B. Financial Intelligence Unit(FIU) C. Intelligence Bureau(IB) D. Central Bureau of Investigation(CBI) E. Central Intelligence Unit(CIU)

Description : The national agency mandated to control, analyse and disseminate Suspicious Transaction Reports(STR), Cash Transaction Reports and counterfeit currency reports to various investigative agencies of the country after ... (IB) D. Central Bureau of Investigation(CBI) E. Central Intelligence Unit(CIU)

Last Answer : B. Financial Intelligence Unit(FIU) Explanation: The FIU is the national agency mandated to collect, analyse and disseminate Suspicious Transaction Reports (STRs), Cash Transaction Reports ... country after receiving it from banks and other financial intermediaries under a stipulated mechanism.

The Diamond Model assumes that: a) Multinational firms must develop global strategies based only on home demand conditions. b) Multinational firms must pay less attention to global consumers than domestic consumers. c) The national home base of a firm must be the biggest market for a multinational firm. d) The national home base of a firm plays a key role in shaping that firm's competitive advantage in global markets.

Description : The Diamond Model assumes that: a) Multinational firms must develop global strategies based only on home demand conditions. b) Multinational firms must pay less attention to global consumers than domestic ... a firm plays a key role in shaping that firm's competitive advantage in global markets.

Last Answer : The national home base of a firm plays a key role in shaping that firm's competitive advantage in global markets.

An increase in interest rates (a) is likely to reduce savings (b) is likely to reduce external value of currency © Leads to a shift in the MEC schedule (d) Leads to a movement along MEC schedule.

Description : An increase in interest rates (a) is likely to reduce savings (b) is likely to reduce external value of currency © Leads to a shift in the MEC schedule (d) Leads to a movement along MEC schedule.

Last Answer : (d) Leads to a movement along MEC schedule

Whenever the government spends more than it collects through revenue, the resulting imbalance is known as : a) Public deficit b) Market deficit c) Government deficit d) Budget deficit

Description : Whenever the government spends more than it collects through revenue, the resulting imbalance is known as : a) Public deficit b) Market deficit c) Government deficit d) Budget deficit

Last Answer : d) Budget deficit

Dalal Street in Mumbai is famous for which of the following? A. NABARD B. Stock Exchange C. RBI D. SEBI

Description : Dalal Street in Mumbai is famous for which of the following? A. NABARD B. Stock Exchange C. RBI D. SEBI

Last Answer : B. Stock Exchange Explanation: The Bombay Stock Exchange (BSE) is located at Dalal Street.

Rural Infrastructure Development Fund (RIDF) was instituted by which of the following? a. NABARD b. RBI c. Finance Ministry d. Ministry of Home Affairs e. None of the above

Description : Rural Infrastructure Development Fund (RIDF) was instituted by which of the following? a. NABARD b. RBI c. Finance Ministry d. Ministry of Home Affairs e. None of the above

Last Answer : a. NABARD

A foreign currency denominated bond issued by foreign company in Singapore is known as ______ A. Yankee bond B. Bulldog bond C. Uridashi bond D. Husao bond E. Lion City bond

Description : A foreign currency denominated bond issued by foreign company in Singapore is known as ______ A. Yankee bond B. Bulldog bond C. Uridashi bond D. Husao bond E. Lion City bond

Last Answer : E. Lion City bond Explanation: Lion City bond foreign currency denominated bond issued by foreign company in Singapore.

A fund that tracks an index but can be traded like a stock is known as _______ A. Exchange Traded Funds(ETF) B. Mutual Funds C. Energy Funds D. Investment Fund E. None of the Above

Description : A fund that tracks an index but can be traded like a stock is known as _______ A. Exchange Traded Funds(ETF) B. Mutual Funds C. Energy Funds D. Investment Fund E. None of the Above

Last Answer : A. Exchange Traded Funds(ETF) Explanation: An ETF(Exchange Traded Fund) is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange.

The Markets and Competitors section of a business plan should contain ____________. A. A statement of the target market. B. The size of each market segment. C. The key characteristics of buyers in each business segment. D. All the above.

Description : The Markets and Competitors section of a business plan should contain ____________. A. A statement of the target market. B. The size of each market segment. C. The key characteristics of buyers in each business segment. D. All the above.

Last Answer : a

Which of the following statements is not correct in relation to Dr. Manmohan Singh? (1) Former Finance Minister (2) Former Governor of RBI (3) Former Representative of India in International Monetary Fund (4) Member of Rajya Sabha

Description : Which of the following statements is not correct in relation to Dr. Manmohan Singh? (1) Former Finance Minister (2) Former Governor of RBI (3) Former Representative of India in International Monetary Fund (4) Member of Rajya Sabha

Last Answer : (3) Former Representative of India in International Monetary Fund Explanation: Dr. Manmohan Singh Rajya Sabha MP and was former finance minister, former governor of RBI.

The maximum load that a fund can exchange is determined by ________ a. SEBI b. RBI c. AMFI

Description : The maximum load that a fund can exchange is determined by ________ a. SEBI b. RBI c. AMFI

Last Answer : a. SEBI

Which of the below-mentioned institutes are linked with the financial sector of India controlled by the Reserve Bank of India (RBI)? a) Commercial Bank b) Money Lenders c) Stock Exchange Operations d) All the above

Description : Which of the below-mentioned institutes are linked with the financial sector of India controlled by the Reserve Bank of India (RBI)? a) Commercial Bank b) Money Lenders c) Stock Exchange Operations d) All the above

Last Answer : Answer- c

Who among the following regulates the Indian Corporate Debt Market? A. RBI B. NABARD C. SIDBI D. SEBI E. None of the Above

Description : Who among the following regulates the Indian Corporate Debt Market? A. RBI B. NABARD C. SIDBI D. SEBI E. None of the Above

Last Answer : D. SEBI Explanation: Regulator for the Indian Corporate Debt Market is the Securities and Exchange Board of India (SEBI). SEBI controls bond market and corporate debt market in cases where entities raise money from public through public issues.

Money market is a market for - (1) Short term fund (2) Long term fund (3) Negotiable instruments (4) Sale of shares

Description : Money market is a market for - (1) Short term fund (2) Long term fund (3) Negotiable instruments (4) Sale of shares

Last Answer : (1) Short term fund Explanation: The money market is where financial instruments with high liquidity and very short maturities are traded. It is used by participants as a means for borrowing ... the common money market instruments are: commercial paper, municipal notes, interest rate swaps, etc.

Money market is a market for (1) Short term fund (2) Long term fund (3) Negotiable instruments (4) Sale of shares

Description : Money market is a market for (1) Short term fund (2) Long term fund (3) Negotiable instruments (4) Sale of shares

Last Answer : Short term fund

1. If a material, placed in a magnetic field is thrown out of it, then how is the material? 2. Who became the first Indian to take 16 wickets in a single test match? 3. Stock Exchanges play a role in an economy how may itbe termed? 4. Which is the highest lake above the sea level in the world? 5. The Maratha power reached the zenith of its glory during which reign?

Description : 1. If a material, placed in a magnetic field is thrown out of it, then how is the material? 2. Who became the first Indian to take 16 wickets in a single test match? 3. Stock Exchanges play ... to the forests been caused by acid rain? 20. By whom was Swaraj as a national demand first made?

Last Answer : Answer : 1. Diamagnetic 2. Narendra Hirwani 3. Useful but need strict regulation 4. Lake Titicaca 5. Shivaji 6. Scurvy 7. Zila Parishad 8. Carius method 9. Oregon 10. Sukerchakia 11. At Lausanne ... 15. Zamindari 16. Parliament 17. Decrease 18. Rate of indirect tax 19. Poland 20. Dadabhai Naoroji

Which of the following would not reduce the transaction cost in a market? (a) a real estate agent, when buying a house (b) a stock broker, when purchasing stock (c) a full page newspaper ad to sell your used lawn mower (d) a farmer’s market for fresh produce

Description : Which of the following would not reduce the transaction cost in a market? (a) a real estate agent, when buying a house (b) a stock broker, when purchasing stock (c) a full page newspaper ad to sell your used lawn mower (d) a farmer’s market for fresh produce

Last Answer : (c) a full page newspaper ad to sell your used lawn mower 

Bank rate is the rate of interest - (1) at which public borrows money from Commercial Bank (2) at which public borrows money from RBI (3) at which Commercial Banks borrow money from RBI (4) at which Commercial Banks borrow money from public

Description : Bank rate is the rate of interest - (1) at which public borrows money from Commercial Bank (2) at which public borrows money from RBI (3) at which Commercial Banks borrow money from RBI (4) at which Commercial Banks borrow money from public

Last Answer : (3) at which Commercial Banks borrow money from RBI Explanation: Bank Rate is the interest rate at which a nation’s central bank lends money to domestic banks. Managing the bank rate is a preferred method by which central banks can regulate the level of economic activity.

What is the interest rate at which banks borrow money from Reserve Bank of India (RBI) called?

Description : What is the interest rate at which banks borrow money from Reserve Bank of India (RBI) called?

Last Answer : Repo Rate

Which of the following statements is true of Insured Asset Allocation? A. It is aimed at benefiting from short-term under pricing and over pricing of assets. B. In this strategy the risk tolerance of the investor are ignored. C. In this strategy long-term predictions regarding the capital markets are used. D. In this strategy the asset mix is held constant. E. It is a strategy aimed at achieving the objectives of the investor without depending on market timing.

Description : Which of the following statements is true of Insured Asset Allocation? A. It is aimed at benefiting from short-term under pricing and over pricing of assets. B. In this strategy the risk ... . It is a strategy aimed at achieving the objectives of the investor without depending on market timing

Last Answer : E. It is a strategy aimed at achieving the objectives of the investor without depending on market timing.

The Public Provident Fund(PPF) has the interest rate of _____________ A. 7.1% B. 7.2% C. 8.1% D. 8.2%

Description : The Public Provident Fund(PPF) has the interest rate of _____________ A. 7.1% B. 7.2% C. 8.1% D. 8.2%

Last Answer : C. 8.1% Explanation: The Public Provident Fund is a savings-cum-tax-saving instrument in India, introduced by the National Savings Institute of the Ministry of Finance in 1968.The aim of the scheme ... . The current interest rate effective from 1 April 2016 is 8.1% Per Annum (compounded annually).

If we operate in a "free market," how come the "fed" sets interest rates and not the market?

Description : If we operate in a "free market," how come the "fed" sets interest rates and not the market?

Last Answer : Well, the answer is that we don’t operate in a free market economy, it is highly regulated. But you might want to read up on the Federal Reserve system, as the Fed doesn’t set ALL interest rates, just those that are tied to certain federal funds.

Which of the following would not fit the description of a related-party transaction? a. An unusually large sale of merchandise to the company's best and largest customer. b. Sales of merchandise between a parent company and its subsidiary. c. Exchanges of equipment between two companies owned by the same person. d. Loans to corporate officers at market rates of interest with a regular repayment schedule.

Description : Which of the following would not fit the description of a related-party transaction? a. An unusually large sale of merchandise to the company's best and largest customer. b. Sales of merchandise ... person. d. Loans to corporate officers at market rates of interest with a regular repayment schedule.

Last Answer : An unusually large sale of merchandise to the company's best and largest customer.

An annuity is a series of equal payments occuring at equal time intervals, and this amount includes the sum of all payments plus interest, if allowed to accumulate at a definite rate of interest from the time of initial payment to the end of annuity term. Ordinary annuity is used in the calculation of the (A) Manufacturing cost (B) Depreciation by sinking fund method (C) Discrete compound interest (D) Cash ratio

Description : An annuity is a series of equal payments occuring at equal time intervals, and this amount includes the sum of all payments plus interest, if allowed to accumulate at a definite rate of interest from ... cost (B) Depreciation by sinking fund method (C) Discrete compound interest (D) Cash ratio

Last Answer : (B) Depreciation by sinking fund method

"Legal Tender Money" refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

Description : "Legal Tender Money" refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

Last Answer : (4) Currency notes Explanation: Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Paper currency and coins are common ... tender in many countries. Legal tender money is a type of payment that is protected by law.

Bank money refers to - (1) currency notes (2) coins (3) gold bullions (4) cheques

Description : Bank money refers to - (1) currency notes (2) coins (3) gold bullions (4) cheques

Last Answer : (4) cheques Explanation: There are two types of money in a fractional-reserve banking system, currency originally issued by the central bank, and hank deposits at commercial banks: (1) ... created in the banking system through borrowing and lending) - sometimes referred to as chequebook money.

Devaluation of money means : (1) decrease in the internal value of money (2) decrease in the external value of money (3) decrease in both internal and external value of money (4) the government takes back currency notes of any denominations

Description : Devaluation of money means : (1) decrease in the internal value of money (2) decrease in the external value of money (3) decrease in both internal and external value of money (4) the government takes back currency notes of any denominations

Last Answer : (1) decrease in the internal value of money Explanation: Devaluation refers to a decline in the value of a currency in relation to another, usually brought about by the actions of a central bank ... with developing countries that don't allow their currency prices to float freely on the open market.

Currency notes and coins are called as: a) Flat money b) Legal tenders c) Fiat money d) Both b and c

Description : Currency notes and coins are called as: a) Flat money b) Legal tenders c) Fiat money d) Both b and c

Last Answer : d) Both b and c

Bank money refers to (1) currency notes (2) coins (3) gold bullions (4) cheques

Description : Bank money refers to (1) currency notes (2) coins (3) gold bullions (4) cheques

Last Answer : cheques