Which of the following is not true about US treasury bills?
A.
they are issued at a discount
B.
they are money market instruments
C.
they are issued in denominations of $1,000 to $1,000,000
D.
they are general obligations of the US government
The Answer Is:
C
This question includes an explanation.
Explanation:
they are issued in denominations of $1,000 to $1,000,000. Remember, the question asks what is “not” true. The smallest denomination for a US treasury bill is $10,000.
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