Consider the following statements and identity the true ones.
1. Treasury bills are used by government to get Long-term loans.
2. The maturity period of a treasury bill in India ranges from 14 days to 365 days.
A. Only 1 is true
B. Only 2 is true
C. Both 1 and 2 are true
D. Neither 1 nor 2 is true
Answer: Option C
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