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Answer Posted / brijlal
it is a govt security with a tenor of less than one year
normally of 91 days, 182days and 364 days. 14days T-bills
also exists. It is issued at a discount and redeemed at
face value. The purpose of T-bills are to manage short trem
liquidity of Govt.
| Is This Answer Correct ? | 36 Yes | 3 No |
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