Which of the following is NOT a feature or function of Treasury notes (T-notes) ?
A) T-notes are issued with short-term maturities.
B) T-notes are discount securities; that is, they are sold at a price below face value.
C) Coupon payment, plus the face value, is paid at maturity.
D) T-notes are used to manage the liquidity for the government.
Correct Answer:
Verified
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