Treasury bills:
A) promise a set-rate interest payment every six months.
B) are protected against inflation.
C) promise a set amount of money to be paid on a fixed date.
D) mature in 30 years.

Question

Quizplus · Accepted Answer

Treasury bills are short-term securities that mature in less than a year and promise to pay a set amount of money on a fixed date. They do not pay set-rate interest payments or provide protection against inflation, and they typically have much shorter maturities than 30 years.

Treasury Bills