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2b You are having a discussion on short-term securities with one of your friends. Your friend states that Since bank bills are instruments that typically

2b

You are having a discussion on short-term securities with one of your friends. Your friend states that Since bank bills are instruments that typically have a maximum maturity of 180 days, they are of no use in meeting funding requirements for longer than 180 days. Critically analyse and discuss this statement.

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