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      Question

      Which treasury instrument has a maturity of exactly 91,

      182, or 364 days?
      A Corporate Bonds Correct Answer Incorrect Answer
      B Commercial Paper Correct Answer Incorrect Answer
      C Treasury Bills (T-Bills) Correct Answer Incorrect Answer
      D Certificate of Deposit Correct Answer Incorrect Answer
      E Equity Shares Correct Answer Incorrect Answer

      Solution

      Treasury Bills (T-Bills) are short-term debt instruments issued by the government that typically mature in 91, 182, or 364 days. Unlike bonds, they do not pay regular interest but are sold at a discount from their face value, with the difference acting as the investor's return. 

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