Many a time we read in the newspapers a term 'Hot Money'.

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Many a time we read in the newspapers a term 'Hot Money'. Which of the following is the correct definition of Hot Money?

1. This is the fund which is dumped into a country to get the advantage of a favourable interest rate and hence brings higher returns.
2. This is the fund which is provided by a bank in US Dollar at very short notice and at a very high rate of interest and for a longer period of repayment
3. This is the fund which is pushed into market through Hawala or some other such illegal method and is sometimes referred to also as Black Moeny
4. Both 'a' and 'c'

N/A