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Which of the Following Are True Statements About T-Notes

Question 55

Multiple Choice

Which of the following are true statements about T-notes?
I. T-notes are typically issued in denominations of $1 000 000
II. Income earned on T-notes is exempt from all taxes
III. T-notes are issued at a discount


A) I only
B) I and II only
C) I and III only
D) I, II and III

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