Series 7 practice questioneasyDebt Securities — US Government — Treasury Notes
Treasury notes have original maturities of:
- ALess than 1 year
- B2 to 10 years✓ Correct answer
- C20 to 30 years
- DExactly 5 years only
Explanation
Why B — 2 to 10 years
Treasury notes (T-notes) are intermediate-term government securities with original maturities ranging from 2 to 10 years. They pay semi-annual fixed-rate interest (coupon payments) and return par value at maturity. T-notes are issued in $100 increments and are highly liquid, trading actively in the secondary market. Their interest is exempt from state and local income taxes.
Turn it into reps
Reading one answer is not the same as being ready
Lucky the Banker is a free practice app with 755+ Series 7 questions, weak-area tracking, and timed mock exams. No credit card, no paywall.
Related Investment Information & Recommendations questions