what is treasury bill
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A Treasury Bill (T-Bill) is a short-term U.S. government debt obligation backed by the Treasury Department with a maturity of one year or less. Treasury bills are usually sold in denominations of $1,000. ... The Treasury Department sells T-Bills during auctions using a competitive and non-competitive bidding process.
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treasury bills are money market instruments issued by government of india as a promissory note with guaranteed repayment at later date .Funds collected through such tools are typically used to meet short term requirements of the government.
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