Treasury bills are one of the oldest financial instruments issued by the government of Japan, dating back to the 19th century.

Question

Quizplus · Accepted Answer

Treasury bills are short-term government securities, and while they are a common financial instrument used by various governments, including Japan, to manage short-term liquidity, the statement that they are one of the oldest financial instruments issued by the government of Japan dating back to the 19th century is inaccurate. Japan has used various forms of government securities over its history, but the specific use and characteristics of Treasury bills as known today have evolved over time and are not accurately described as dating back to the 19th century.

Treasury Bills Are One of the Oldest Financial Instruments Issued