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Which of the Below Statements Is FALSE

Question 7

Multiple Choice

Which of the below statements is FALSE?


A) Current Treasury practice is to issue all securities with maturities of one year or less as discount securities.
B) There are two categories of government securities: discount and coupon securities.
C) Treasury securities are available in book-entry form at the Federal Reserve Bank.
D) Discount securities pay interest every six months, plus principal at maturity.

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