

McqMate
Q. |
Banks borrow in this money market for the following purposes: |
A. | To fill the gaps in temporary mismatches in funds |
B. | To meet the cash reserve ratio and statutory reserve ratio – the mandatory requirements as stipulated by RBI |
C. | To meet sudden demand for funds arising out of larger outflows |
D. | All the above |
E. | none of the above |
Answer» D. All the above |
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