Treasury bills

Securities previously used in Germany for the Bundesbank’s open market policy, usually with a maturity of three days. They served to absorb short-term liquidity on the money market. Formally, they were federal issues; in fact, however, they were considered Bundesbank securities. – See rescription, treasury bills, tap.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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