A T-bill is:
U.S. government debt issued with a maturity of a year
any part of the U.S. government deficit financed by
the Treasury Department.
any liability of a bank that shows up
on its T-account.
a type of paper money that today is
much less common than Federal Reserve notes.
The federal-funds rate is the interest
commercial banks charge their best
at which the U.S. Treasury
the Federal Reserve charges commercial
banks when they borrow reserves.
banks charge each other when they lend or borrow legal