What is Call Money?

a. Money borrowed or lent for a day or over night

b. Money borrowed for more than one day but up to 3 days

c. Money borrowed for more than one day but up to 7 days

d. Money borrowed for more than one day but up to 14 days

ANSWER: Money borrowed or lent for a day or over night

Explanation:

If it exceeds one day, it is referred to as “notice money”.