Which of the following is not a characteristic of treasury bills?
A)they are quoted on yield-to-maturity percentages
B)their payments are exempt from state income tax
C)the bid price is higher than the offer price
D)they mature one to three years from the date of issuance

Question

Quizplus · Accepted Answer

they mature one to three years from the date of issuance. Remember the question asks what is "not" a characteristic of treasury bills. The other choices are aspects of treasury bills, which most commonly have maturities of 90 days but never longer than one year.

Which of the Following Is Not a Characteristic of Treasury