Which of the following characteristics apply to U.S.Treasury bills?
I.Interest income taxed at both the federal and state level
II.Minimal, if any, default risk
III.Marketable, but not liquid
IV.Short maturities
A)I and III only
B)II and IV only
C)I, II, and IV only
D)II, III, and IV only
E)I, II, III, and IV

Question

Quizplus · Accepted Answer

U.S. Treasury bills have minimal default risk and short maturities. Their interest income is taxed at the federal level but not at the state level, and they are both marketable and liquid.

Which of the Following Characteristics Apply to U