Generally, any debt instrument with a maturity of less than one year is called a ______, from one to seven years is called a ______, and more than seven years is called a ______.
A)bond, bill, note
B)bill, bond, note
C)note, bill, bond
D)bill, note, bond

Question

Quizplus · Accepted Answer

Debt instruments are categorized by their maturity periods: those with a maturity of less than one year are called bills, those with a maturity from one to seven years are called notes, and those with a maturity of more than seven years are called bonds.

Generally, Any Debt Instrument with a Maturity of Less Than