U)S. Treasury bills are considered the safest of all money market instruments because there is a low probability of
A)defeat.
B)default.
C)desertion.
D)demarcation.

Question

Quizplus · Accepted Answer

Treasury bills are backed by the full faith and credit of the US government, making them almost risk-free. The government has never defaulted on its debt obligations, which is why Treasury bills are considered the safest money market instruments. Therefore, the correct answer is B, default.

U)S Treasury Bills Are Considered the Safest of All Money