- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 43. Fixed-Income Markets: Issuance, Trading, and Funding
- Subject 3. Sovereign Bonds, Non-Sovereign Bonds, Quasi-Government Bonds, and Supranational 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.
User Contributed Comments 0
You need to log in first to add your comment.