Which of the Following Is NOT a Characteristic of a Treasury

question 278

Multiple Choice

Which of the following is NOT a characteristic of a Treasury Bill (T-bill) ?

• A) It has an implicit interest rate.
• B) It reaches maturity after 30 years.
• C) It is sold at a discount from its face value.
• D) It has almost zero default risk.

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Definitions:

Demand Curve

An illustration depicting the connection between a good's price and the volume of the good consumers can and are ready to acquire at assorted prices.

Soybeans

A type of legume native to East Asia, widely grown for its edible bean which has numerous uses, including oil and protein sources.

Mad Cow Disease

A fatal brain disease in cattle that can potentially be transmitted to humans who consume tainted beef, scientifically known as Bovine Spongiform Encephalopathy (BSE).

Competitive Market

A market structure where there are many buyers and sellers, no single entity controls the prices, and there is freedom of entry and exit.