Which of the following is a feature of Treasury bills (T-bills)?

Question

Quizplus · Accepted Answer

T-bills are typically short-term debt securities with a maturity of one year or less. They are also sold at a discount, meaning they are purchased for less than their par value, and redeemed at maturity for their face value. The minimum value at maturity for T-bills is $1,000, not $100. There is no requirement to hold T-bills until maturity, as they can be bought and sold in the secondary market.

Which of the Following Is a Feature of Treasury Bills