ECONOMICS
FINANCIAL MARKETS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
A short term debt obligation backed by govt.with a maturity of less than 1 year.
|
|
Treasury Bill
|
|
|
Bills of Payment
|
|
|
Certificate of Savings
|
|
|
Certificate of Ownership
|
Explanation:
Detailed explanation-1: -Debt obligations of the government that have maturities of one year or less is normally called Treasury Bills or T-Bills. Treasury Bills are short-term obligations of the Treasury/Government. They are instruments issued at a discount to the face value and form an integral part of the money market.
There is 1 question to complete.