The treasury bills are issued to raise significant amount of funds by ____________?
Correct answer: A. US treasury
- A. US treasury
- B. Australian treasury
- C. Swiss treasury
- D. functional treasury
Explanation
Treasury bills are short-term government securities issued by the U.S. Treasury to raise funds for government financing needs. The other listed treasuries are not the institution intended by this question.
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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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