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FINANCIAL MARKET — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMFINANCIAL MARKET2 Marks
Question
Why does Treasury Bill contain the attribute of liquidity?
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Answer

Treasury bill is issued with maturity date of $91$ days, $182$ days or $364$ days at discount. If money is required before fixed date, it can be presented to the bank and money can be obtained with discount. This is its attributer of liquidity.

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