alleryThe interest rate paid on call money loans is known as the:
ABill rate
BBase rate
CCall rate
DBank rate
Answer & Solution
Correct answer: C. Call rate
1. It can change from hour to hour.
2. It moves inversely with other short-term rates.
3. It is the call rate.
_Source: syllabus Business Studies Part II, Chapter 10, Financial Markets._
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