Which of the Following Statements Is Not True with Regard

question 44

Multiple Choice

Which of the following statements is not true with regard to Call money?

• A)It is short-term finance repayable on demand.
• B)Its maturity period ranges from one day to fifteen days.
• C)There is a direct relationship between call rates and other short-term money market instruments.
• D)It is used for inter-bank transactions.

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Definitions:

External Users

Individuals or entities outside of a company who use its financial information, typically for analysis, investment, or regulatory purposes.

Sole Owner

An individual who exclusively owns a business, bearing all the risks and entitled to all the profits.

Personal Automobile

A privately owned vehicle used for personal transportation, not for business or commercial purposes.

Business Entity Concept

The accounting principle that separates the transactions of a business from those of its owners or other businesses.