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?

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Accepted Answer

Neither 1 nor 2

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?

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