A Treasury Bill is basically: (a) An instrument to borrow short-term funds (b) An instrument to borrow long-term funds
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a) AN instrument to borrow short-term funds.
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Hᴇʟʟᴏ
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A ᴛʀᴇᴀsᴜʀʏ ʙɪʟʟ ɪs ʙᴀsɪᴄᴀʟʟʏ ᴀɴ ɪɴsᴛʀᴜᴍᴇɴᴛ ᴛᴏ ʙᴏʀʀᴏᴡ sʜᴏʀᴛ-ᴛᴇʀᴍ ғᴜɴᴅ's.
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ʜᴇʀᴇ's ʏᴏᴜʀ ᴀɴsᴡᴇʀ
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A ᴛʀᴇᴀsᴜʀʏ ʙɪʟʟ ɪs ʙᴀsɪᴄᴀʟʟʏ ᴀɴ ɪɴsᴛʀᴜᴍᴇɴᴛ ᴛᴏ ʙᴏʀʀᴏᴡ sʜᴏʀᴛ-ᴛᴇʀᴍ ғᴜɴᴅ's.
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