What Do We Call Short-Term IOUs Issued by the Government

question 142

Multiple Choice

What do we call short-term IOUs issued by the government that mature in 4, 13, and 26-week increments?

• A) debentures
• B) treasury bonds
• C) money market mutual funds
• D) T-bills

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Definitions:

Stock Split

A corporate action where a company divides its existing stock into multiple shares to boost the liquidity of the shares, without changing the market capitalization.

Percent Of Ownership

The portion of a company or asset that an individual or entity owns, typically expressed as a percentage.

No-Par Stock

Shares issued without a specified face value, allowing companies flexibility in setting share prices and accounting for equity.

Stated Value

A value assigned to a company's shares that does not have a par value; often used in accounting for preferred stock.