Which of the Following Statements Is False

question 30

Multiple Choice

Which of the following statements is false?

• A)The federal government sells bonds and securities to finance both the national debt and the government's ongoing activities.
• B)Federal government securities carry a reduced risk of default when compared to corporate securities.
• C)Federal government treasury securities offer lower interest rates than corporate bonds.
• D)Most individual investors that purchase treasury bills, notes, and bonds bid competitively.
• E)Treasury securities may be purchased through banks or brokers.

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Definitions:

Cost Of Goods Sold

An accounting term for the direct costs attributable to the production of the goods sold by a company.

Inventory Items Sold

The total number of product units a company has sold to its customers during a specific period.

Materials Cost

The total expense incurred for the materials that are used in the production of goods or services.

Purchase Order

A document generated by a buyer and sent to a seller specifying products or services to be purchased.