Explain Call money and Call money rate?
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call Money - Call money is also referred to as the money at all. It is a short-term loan which is due to be paid immediately in full as and when demanded by the lender. Not similar to a term loan, call money loan does not have a defined schedule of payment and maturity.
Call money rate - Call money rate is the rate at which short term fonds are borrowed and lent in the money market.
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