Question

Interest is calculated on actual/365 days basis in respect to the following products except one

Answer 1

Question: Interest is calculated on actual $365$ days basis in respect of the following products except one:

a. Call money

b. Notice money

c. Term money

d. GOI dated securities​

Answer: c) Term Money

Explanation:

Term money refers to unsecured borrowing or lending for durations longer than 14 days and up to one year.

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