Transactions in market of treasury bills is mostly transacted over telephone and hence classified as

A. decentralized
B. centralized
C. federalize
D. commercialize
✅ The correct answer is option A.
Transactions in market of treasury bills is mostly transacted over telephone and hence classified as decentralized. It is the process by which the activities of an organization, particularly those regarding planning and decision making, are distributed or delegated away from a central, authoritative location or group.

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