passwella.
Menu

UI Post-UTME Commerce 2024 Question 12

Question 12

Government and Business

A component of the nation's public debt is

  1. A.Revenue receipts
  2. B.Bank saving
  3. C.Grant and aid
  4. D.Treasury Bills
  5. E.Statutory income
Show the answer and explanation

Answer: D (Treasury Bills)

Explanation

Treasury Bills are short-term government borrowing, so they form part of the public debt.