Which One of the Following Statements Is Correct

Which one of the following statements is correct?

A) Short-term securities are more interest rate sensitive than long-term securities.
B) The rate of return earned on short-term securities tends to exceed that earned on long-term securities.
C) Treasury bills are well suited for short-term investments.
D) The income earned on Treasury bills is exempt from all taxation.
E) Short-term investments tend to have high levels of default risk.