SIE practice questioneasyT-Bills
Which of the following is a characteristic of U.S. Treasury bills (T-Bills)?
- AIssued at a discount and mature at face value✓ Correct answer
- BPay semiannual interest
- CHave maturities greater than 10 years
- DAre municipal securities
Explanation
Why A — Issued at a discount and mature at face value
T-Bills are short-term U.S. Treasury securities sold at a discount and mature at par. They do not pay interest payments, have maturities of one year or less, and are not municipal securities.
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