Select the correct answer from the options given below and rewrite the statements.

1. A financial market is a market in which people trade …………….. and derivatives at low transaction costs.
a) Gold          b) Financial securities           c) Commodities
Ans:- b) Financial securities    

2. When the trade bills are accepted by commercial banks it is known as ……………..
a) Treasury bills          b) Commercial bills         c) Commercial papers
Ans:- b) Commercial bills    

3. Money market is a market for lending and borrowing of funds for …………….. term.
a) short          b) medium        c) long
Ans:-a) short         

4. Central Government is a borrower in the money market through the issue of ……………..
a) Commercial Papers        b) Trade Bills         c) Treasury Bills
Ans:- c) Treasury Bills

5. …………….. is the market for borrowing and lending long term capital required by business enterprises.
a) Money Market        b) Capital Market        c) Gold Market
Ans:- b) Capital Market