Treasury Bills Do Not

question 67

Multiple Choice

Treasury bills do not

• A) pay interest.
• B) have a maturity date.
• C) have a face amount.
• D) have an active secondary market.

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Definitions:

Alternative Payees

Refers to the option within certain financial instruments or payment arrangements to designate a different recipient than the original one specified.

Endorsee

One who receives an endorsement.

Endorsement

is the act of endorsing, which can include a signature or instruction written on the back of a negotiable instrument, or a public expression of support.

Materially Altered

Refers to significant changes made to a document or item that affect its value, function, or condition, often rendering it void or voidable.