Jordan recently purchased a 20-year bond from the federal government with a face value of $10,000. Jordan has purchased a

Name: Jordan recently purchased a 20-year bond from the federal government with a face value of $10,000. Jordan has purchased a
Brand: Quizplus
Rating: 4.9 (67 reviews)

Question

Quizplus · Accepted Answer

Treasury bonds are long-term government securities with a maturity period of 20 to 30 years. Jordan's purchase of a 20-year bond from the federal government aligns with the characteristics of a Treasury bond.

Jordan Recently Purchased a 20-Year Bond from the Federal Government