Q85
Gilt-edged market means
A.
bullion market
B.
market of government securities
AnswerC.
market of guns
D.
market of pure metals
Answer: Option B
Solution
Answer: Option B
Solution:
The gilt-edged market is the market in government securities or the securities guaranteed (as to both principal and interest) by the government. The term gilt-edged means 'of the best quality”. It has come to be reserved for government securities as they do not suffer from the risk of default.