Which One of the Following Features Applies to a U

question 83

Multiple Choice

Which one of the following features applies to a U.S. Treasury bill?

• A)U.S. agency debt
• B)pure discount security
• C)taxable at the state level
• D)semi-annual interest payments
• E)annual interest payments

---

Definitions:

Auction Without Reserve

A type of auction in which the item for sale will be sold regardless of the price since there is no minimum bidding threshold set.

Diamond Ring

A piece of jewelry featuring a diamond set into a ring, often used as a symbol of commitment or status.

Bilateral Contract

A mutual agreement between two parties where each promises to perform an act in exchange for the other's act.

Unilateral Contract

An agreement in which only one party makes a legally enforceable promise to pay or provide other benefits if the other party performs a specific task.