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Financial Market — Business Studies STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesFinancial Market1 Mark
MCQ
Call money is used to
  • A
    Maintain a minimum cash balance known as a cash reserve ratio
  • ✓
    To meet floatation cost
  • C
    To meet working capital needs
  • D
    To meet fixed capital needs
✓

Answer

Correct option: B.
To meet floatation cost
(b)

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