Which One of the Following Is a Short-Term Debt Instrument

question 36

Multiple Choice

Which one of the following is a short-term debt instrument issued by the U.S. Treasury?

• A)Freddie Mac
• B)Ginnie Mae
• C)T-note
• D)T-bill
• E)T-bond

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Definitions:

Contract

A contract is an official agreement among two or more individuals creating reciprocal legal duties that can be upheld in court.

Emancipated

The condition of being freed from legal, social, or political restrictions; commonly referring to a minor legally recognized as capable of acting as an adult.

Age of Majority

The legal age at which an individual is considered an adult and responsible for his or her own actions, varying by jurisdiction.

Legal Capacity

The ability of an individual or entity to enter into legally binding contracts, recognizing that the person has the requisite age and mental capability to understand and agree to the terms.