CFA Practice Question

There are 490 practice questions for this study session.

CFA Practice Question

Which of the following statements about U.S. Treasury securities is false?

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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