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Question
Which of the following debts is an example of a ‘Treasury bill’?
Which of the following debts is an example of a ‘Treasury bill’?
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Solution
The correct option is D Unfunded debt
An unfunded debt is for a short period of less than a year. The government does not create any separate fund to repay the debt. Treasury bills are unfunded debts as they are paid off within a year and are never for a longer period than a year.
Unfunded debt
An unfunded debt is for a short period of less than a year. The government does not create any separate fund to repay the debt. Treasury bills are unfunded debts as they are paid off within a year and are never for a longer period than a year.
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