The obligations that are issued by US governments and are obligated for short term, are classified as ____________?
Correct answer: B. treasury bills
- A. bankers treasury
- B. treasury bills
- C. treasury funds
- D. secured treasury
Explanation
Treasury bills are short-term debt obligations issued by the U.S. Treasury, normally maturing within one year. Treasury funds and secured treasury are not standard names for this instrument.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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