All of the Following Are True of Treasury Securities Except

question 68

Multiple Choice

All of the following are true of Treasury securities except they

• A)are a means by which the U.S.government lends money.
• B)have a maturity range from 3 months to 30 years.
• C)have a minimum par value of $100.
• D)can be bought and sold on the secondary market.

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Definitions:

Cleavage

The tendency of a mineral to break along flat, even surfaces as determined by the structure of the mineral’s crystal lattice.

Hogback

Any ridge with a sharp summit and one slope inclined approximately parallel to the dip of layers, resembling in outline the back of a hog.

Fault Zone

A zone of faults and associated fracturing.

Continental Rift

A linear zone where the Earth's crust and lithosphere are being pulled apart and is the site of potential volcanic activity and new oceanic crust formation.