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

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

1.It is short-term finance repayable on demand.

2.Its maturity period ranges from one day to fifteen days.

3.There is a direct relationship between call rates and other short-term money market instruments.

4.It is used for inter-bank transactions.

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