_____ are shortterm IOUs issued by the U.S. government that typically mature in 4, 13, or 26 weeks.
A) Debentures
B) Covenants
C) Treasury bills
D) Trade credits

Question

_____ are short­term IOUs issued by the U.S. government that typically mature in 4, 13, or 26 weeks.
A) Debentures
B) Covenants
C) Treasury bills
D) Trade credits

Quizplus · Accepted Answer

Treasury bills, also known as T-bills, are short-term IOUs issued by the U.S. government. They typically mature in 4, 13, or 26 weeks and are sold at a discount to their face value. Interest is earned by the buyer when the T-bill matures and the government pays the face value.

_____ Are Short­term IOUs Issued by the U

_____ Are Shortterm IOUs Issued by the U