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Sagot :
The banks sold tazian treasury bonds worth 50 million tazes to tazi. Assume additionally that the reserve ratio and the proportion of deposits maintained as surplus reserves both remain at 1 billion tazes.
What two sorts of Treasury are there?
Treasury notes are mid-term investments with maturities ranging from two to ten years. Every six months, interest is paid. Treasury bonds are long-term investments with a 30-year maturity and a six-month interest payment schedule.
What does "treasury" mean exactly?
The word "treasury" was first utilized in Classical antiquity to refer to votive structures built to hold gifts for the gods, like the Siphnian Treasury throughout Delphi or the numerous structures very similar to it built in Olympia, Europe by trying to compete city-states to convince others during ancient Olympic Games.
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