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13) Money market instruments issued by the U.S. Treasury are called A) Treasury bills. B) Treasury notes. C) Treasury bonds. D) Treasury strips.

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User AgDude
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1 Answer

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The correct answer is A) Treasury bills.
Money market instruments issued by the
U.S. Treasury are commonly referred to as Treasury bills. These are short-term debt securities with a maturity of one year or less. Treasury bills are issued at a discount to their face value and do not pay regular interest. Instead, they are sold at a discount and the investor receives the full face value of the bill at maturity.
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User Shadowland
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