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Consider the following statements in regard to moneymarket in India:(1) It is a market for short-term and longterm funds withmaturity ranging from overnight to one year.(2) It acts as an instrument of liquidity adjustment forthe Central Bank.(3) It is a market for only long term funds. Which of thestatements given above is/are correct?

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Consider the following statements in regard to moneymarket in India:(1) It is a market for short-term and longterm funds withmaturity ranging from overnight to one year.(2) It acts as an instrument of liquidity adjustment forthe Central Bank.(3) It is a market for only long term funds. Which of thestatements given above is/are correct?






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