The U.S government is the largest borrower in the world and has a variety of debt instruments. These government obligations or issues are a safe form of debt security, and there has never been a default. The "full faith and credit of the government" back these issues. Some terms and definitions include:
A) Negotiable securities
B) Non-negotiable securities
C) Series YY bonds
D) Series NN bonds
Correct Answer:
Verified
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