A government security that is sold in minimum units of $100 and has maturities that may be as long as one year is a
A) Series EE savings bond.
B) U.S. savings bond.
C) Treasury bond.
D) Treasury note.
E) Treasury bill.

Question

Quizplus · Accepted Answer

A government security that is sold in minimum units of $100 and has maturities that may be as long as one year is a Treasury bill, also known as a T-bill. Series EE and U.S. savings bonds have longer maturities and are not sold in minimum units of $100. Treasury bonds and notes have longer maturities than one year.

A Government Security That Is Sold in Minimum Units of $100