Q. Consider the following statements:
1. Treasury bills are issued at a discount and redeemed at the face value at maturity.
2. Cash Management Bills (CMBs) are generally issued for maturities less than 91 days.
Which of the statements given above is/are NOT correct?
1. Treasury bills are issued at a discount and redeemed at the face value at maturity.
2. Cash Management Bills (CMBs) are generally issued for maturities less than 91 days.
Which of the statements given above is/are NOT correct?
✅ Correct Answer: (D)
Neither 1 nor 2
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