Which of the Following Statements Is True with Respect to U.S

question 37

Multiple Choice

Which of the following statements is true with respect to U.S. Treasury issues?

• A) Treasury bills are issued in minimum units of $10,000 with maturities that range from 10 to 30 years.
• B) Treasury notes are issued in $100 units with a maturity of more than 1 year, but not more than 10 years.
• C) Treasury bonds are issued in $5,000 units with 10-year maturities.
• D) The Treasury no longer issues Treasury bills.
• E) Treasury bills generally pay a higher interest rate than Treasury bonds.

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Definitions:

Precedent

A legal decision or case that serves as an example or authority for deciding subsequent cases involving similar facts or issues.

Executive Memorandum

An official document from an executive branch, such as the President or a governor, that provides directions or actions for government agencies to follow, less formal than an executive order.

President

The elected head of a republican state or the chief executive officer in certain organizations.

Congress

The legislative branch of the United States government, consisting of two houses: the Senate and the House of Representatives, responsible for making laws.