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What is a Treasury Bill?
2. What is a Treasury Bill?
- Short-term U.S. government debt obligation
- A fixed-income investment scheme
- A financial product commonly sold by banks, thrift institutions, and credit unions
- An unsecured money market instrument
Answer: A) Short-term U.S. government debt obligation
Explanation:
A Treasury Bill (T-Bill) is a transient U.S. government obligation commitment supported by the Treasury Department with a development of one year or less. Depository bills are generally sold in groups of $1,000. Nonetheless, some can arrive at the greatest section of $5 million in non-cutthroat offers. These protections are broadly viewed as okay and secure ventures.