EBK MACROECONOMICS
5th Edition
ISBN: 8220106773925
Author: KRUGMAN
Publisher: MAC HIGHER
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Question
Chapter 14, Problem 16P
To determine
Concept Introduction:
Treasury bill (T-bills): This instrument is used by the government to control the money supply from the market. It is the short time period promissory note which is issued in the open marked. As they are issued by the government so they are risk free.
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