Which of the following statements best describes the relationship among Treasury bills, notes, and bonds?
A) Bills have an original maturity of one year or less. Notes have an original maturity of 2 to 10 years and bonds have an original maturity of greater than 10 years.
B) Notes have an original maturity of one year or less. Bills have an original maturity of 2 to 10 years and bonds have an original maturity of greater than 10 years.
C) Bonds have an original maturity of one year or less. Notes have an original maturity of 2 to 10 years and bills have an original maturity of greater than 10 years.
D) Bills have an original maturity of one year or less. Bonds have an original maturity of 2 to 10 years and notes have an original maturity of greater than 10 years.
Correct Answer:
Verified
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