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94

Q:

The market in which loan of money can be obtained is called:

  • 1
    Reserve market
  • 2
    Institutional market
  • 3
    Money market
  • 4
    Exchange Market
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Answer : 3. "Money market"
Explanation :

The money market is an organized exchange market where participants can borrow short-term, high-quality debt securities with an average maturity of one year or less.

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Basic GK Economics GK

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