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    Question

    Which financial instrument is used to raise shortterm

    funds by the government?
    A Commercial Papers Correct Answer Incorrect Answer
    B Treasury Bills Correct Answer Incorrect Answer
    C Bonds Correct Answer Incorrect Answer
    D Certificates of Deposit Correct Answer Incorrect Answer
    E Equity Shares Correct Answer Incorrect Answer

    Solution

    Treasury Bills are shortterm financial instruments used by the government to raise funds for a period of less than one year. They are issued at a discount and redeemed at face value.

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