Treasury securities that may be bought and sold through the customary market channels are called Treasury bills.

Name: Treasury securities that may be bought and sold through the customary market channels are called Treasury bills.
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Treasury securities that can be bought and sold through customary market channels include Treasury bills, Treasury notes, and Treasury bonds, not just Treasury bills. Treasury bills are short-term securities, while notes and bonds are medium and long-term.

Treasury Securities That May Be Bought and Sold Through the Customary