-----are instrument of short term borrowing by the govt of India, issued as promissory notes under discount

Name: -----are instrument of short term borrowing by the govt of India, issued as promissory notes under discount
Brand: Quizplus
Rating: 4.9 (61 reviews)

Question

Quizplus · Accepted Answer

Treasury Bills (TB's) are short-term borrowing instruments issued by the Government of India. They are issued at a discount to face value, and their return to the investor is the difference between the purchase price and the face value, which is paid at maturity.

-----Are Instrument of Short Term Borrowing by the Govt of India