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An investor wanted to invest RS. 20,000 ...

An investor wanted to invest RS. 20,000 in Treasury Bills for a period of 91 days. When he approached the Reserve Bank of India for this purpose he came to know that it was not possible.
Identify the reason why the investor could not invest in the Treasury Bill.

Text Solution

Verified by Experts

The investor cannot invest in Treasury Bills because it is available in the denominations of Rs. 25,000 and it multiples only.
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