Which of the U.S. Treasury securities is always sold at a discount?
A) Treasury bills
B) Treasury notes
C) Treasury bonds
D) Treasury inflation protected securities (TIPS)

Question

Quizplus · Accepted Answer

Treasury bills are short-term securities that are sold at a discount to their face value and do not pay periodic interest. Instead, the return to the investor is the difference between the purchase price and the face value paid at maturity.