A government security issued in minimum units of $1,000 with maturities that are less than one year is called a:
A)subordinated bond.
B)treasury bond.
C)treasury note.
D)treasury bill.
E)savings bond.

Question

Quizplus · Accepted Answer

A security issued by the government with a maturity of less than one year is called a treasury bill. It is sold at a discount from its face value and does not pay periodic interest like a bond or note. Treasury bills are also commonly known as T-bills.

A Government Security Issued in Minimum Units of $1,000 with Maturities