Economics · Economy
With reference to managing short-term liquidity mismatches by State Governments in India, consider the following instruments: I. Ways and Means Advances (WMA) II. Overdraft (OD) facility from the Reserve Bank of India III. Special Drawing Facility (SDF) IV. Treasury Bills (T-Bills) How many of the above instruments constitute valid institutional operational mechanisms through which a State Government can address short-term cash flow mismatches?
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