Which of the following is an example of a financial instrument?a.Carb.Patentc.Treasury billd.Computer software
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Solution 1
The correct answer is c. Treasury bill. A Treasury bill (or T-bill) is a short-term debt obligation backed by the U.S. government with a maturity of less than one year, sold in denominations of $1,000 up to a maximum purchase of $5 million. T-bills have various maturities and are issued at a discoun Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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