- A well-developed market implies liquidity and ease of trading. - Bills changing hands represent transactions (buying and selling). - Higher frequency of transactions indicates higher liquidity and market activity.
In a well developed bill market _______
Asked in WBCS Main Paper 5 2021 · Topic: Money & Banking (Financial Markets: Money Market and Capital Market (Components, Instruments, Role))
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Answer: B. frequency of bills changing hands will be high.
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