Which Is Not a Debt Obligation That the U

question 12

Multiple Choice

Which is not a debt obligation that the U.S.Treasury issues?

• A)U.S.savings bonds
• B)Federal Agency Stock (e.g.FNMA or FRDMAC)
• C)Treasury bills,notes,and bonds
• D)Treasury Inflation-Protected Securities (TIPS)

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Definitions:

Independent Craftsmen

Skilled workers who produce goods independently rather than as employees of large manufacturers, often emphasizing quality and custom work.

Railroad Construction

The process of building the physical infrastructure necessary for train travel, including tracks, stations, and associated facilities.

Stephen Douglas

A 19th-century American politician from Illinois known for his debates with Abraham Lincoln and advocacy for popular sovereignty in determining states' positions on slavery.

Lincoln-Douglas Debates

Series of senatorial campaign debates in 1858 focusing on the issue of slavery in the territories; held in Illinois between Republican Abraham Lincoln, who made a national reputation for himself, and incumbent Democratic senator Stephen A. Douglas, who managed to hold on to his seat.