Debenture forms a part of the _________.
Capital
Loan
Fund
None of the above
Debenture forms a part of the loan.
Distinguish between a debenture and a share. Why debenture is known as loan-capital? Explain.
A Treasury Bill is basically
(a) An instrument to borrow short-term funds
(b) An instrument to borrow long-term funds
(c) An instrument of capital market
(d) None of the above