Which of the Below Statements Is FALSE

question 50

Multiple Choice

Which of the below statements is FALSE?

• A) Current Treasury practice is to issue all securities with maturities of one year or less as discount securities.
• B) There are two categories of government securities: discount and coupon securities.
• C) Treasury securities are available in book-entry form at the Federal Reserve Bank.
• D) Discount securities pay interest every six months, plus principal at maturity.

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Definitions:

No Child Left Behind

A United States Act of 2001 aiming to close the achievement gap with accountability, flexibility, and choice, so that no child is left behind in education.

Marginal Tax Rate

The rate at which the last dollar of a person's income is taxed, indicating the rate of tax applied to your next dollar of income.

Payroll Taxes

Taxes that are withheld from employees' wages by their employers and paid directly to the government, typically used to fund social security and healthcare programs.

Federal Income Tax

Federal income tax is a tax levied by the national government on individuals' and corporations' annual earnings, contributing to federal revenue.