Which of the Following Statements About U

Multiple Choice

Which of the following statements about U.S. Treasury bills (T-bills) is true?

A) T-bills can be sold at any time with no interest penalty.
B) T-bills are issued with 6-month and 12-month maturities.
C) T-bills earn interest at a fixed rate for 30 years.
D) T-bills pay interest by direct payment.
E) T-bills are sold at face value.