Which of the following is the correct definition of Hot Money?

Question

TuteeHUB · Accepted Answer

This is the fund which is provided by a bank in US $ at very short notice and at a very high rate of interest and for a longer period of repayment

TuteeHUB · Answer

This is the fund which is dumped into a country to get the advantage of a favourable interest rate

TuteeHUB · Answer

This is the fund which is pushed into market through illegal methods

TuteeHUB · Answer

None of the above

1.	Which of the following is the correct definition of Hot Money?
A.	This is the fund which is dumped into a country to get the advantage of a favourable interest rate
B.	This is the fund which is provided by a bank in US $ at very short notice and at a very high rate of interest and for a longer period of repayment
C.	This is the fund which is pushed into market through illegal methods
D.	None of the above
Answer» B. This is the fund which is provided by a bank in US $ at very short notice and at a very high rate of interest and for a longer period of repayment

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