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Explanation:
Treasury bills (T-bills) are short-term zero-coupon government securities issued by the U.S. Department of the Treasury that mature in one year or less from their issue date. Treasury notes have maturities from 2 to 10 years, and Treasury bonds have maturities of more than 10 years. Therefore, a security maturing in one year is a Treasury bill.
Q.22 A security issued by the United States federal government which matures in one year following the date of issue is most likely a:
A
Treasury note
B
Treasury bond
C
Treasury bill
D
Structured note
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