Question on: JAMB Economics - 2019
The term "Money at call and short notice" in a bank's assets represents the bank's loans to______
A
industry and commerce
B
overseas central banks
C
the capital market
D
the money markets
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Correct Option: D
A loan that is made for a very short period for a few days only for duration of a week is known as money at call or at short notice.
Money market is a market for short-term loans.
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