A US Government Security Issued in Minimum Units of $100 with with a 30-Year

question 31

Multiple Choice

A U.S. government security issued in minimum units of $100 with a 30-year maturity is called a

• A) Subordinated bond.
• B) Treasury bill.
• C) Treasury note.
• D) Treasury bond.
• E) Savings bond.

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Definitions:

Specific Tax

A fixed amount taxed per unit of a good or service, as opposed to a percentage of the price.

Fraction

A numerical quantity that is not a whole number, represents a part of a whole, typically written with a numerator and a denominator separated by a slash.

Consumers

Individuals or households that use goods and services generated within the economy.

Import Quota

A restriction set by the government on the amount or cost of products allowed to be brought into a country from abroad.