Which One of the Following Statements Is False

Which one of the following statements is false?

A) The federal government sells bonds and securities to obtain financing.
B) U.S. government Treasury securities carry a reduced risk of default when compared to corporate securities.
C) U.S. government Treasury securities offer lower interest rates than corporate bonds.
D) Most individual investors that purchase Treasury bills, notes, and bonds bid competitively.
E) Treasury securities may be purchased through banks or brokers.