- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 5. Fixed-Income Markets for Government Issuers
- Subject 1. Sovereign Bonds
CFA Practice Question
Which of the following statements about U.S. Treasury securities is false?
B. Treasury notes have a maturity of 10 years or less.
C. Treasury notes pay face value at maturity.
D. Treasury bonds are short-term obligations.
A. Treasury bills are sold on a discount basis.
B. Treasury notes have a maturity of 10 years or less.
C. Treasury notes pay face value at maturity.
D. Treasury bonds are short-term obligations.
Correct Answer: D
Bills - Notes - Bonds: 1 - 10 - 30 years.
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