Which one of the following is /are characteristics of a Money market?

1. It is a market for short term securities.

2. It is a market for low risk securities.

3. It is a market for highly liquid securities

4. It is a market where shares can be used.

a. 1 and 2 Only

b.1, 2, 3 and 4

c.1, 2 and 3 only

d.2 and 3 only

The average time period required to convert materials into finished goods and then to sell those goods is called as:

a. Average Payment Period

b.Inventory Conversion Period

c. Receivables Collection Period

d. Holding period