Treasury bills are sold on an add-on basis, with interest paid separately at maturity.

Name: Treasury bills are sold on an add-on basis, with interest paid separately at maturity.
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Treasury bills are sold on a discount basis, meaning they are sold at a discount to their face value and do not pay interest separately; instead, the return to the investor is the difference between the purchase price and the face value, which is received at maturity.

Treasury Bills Are Sold on an Add-On Basis, with Interest