In 1997 the U.S.Treasury for the first time in its history issued bonds that were
A) available in denominations smaller than $2,500.
B) without a fixed maturity date.
C) payable in gold at maturity.
D) specifically targeted for foreign lenders.
E) indexed for inflation.

Question

Quizplus · Accepted Answer

In 1997, the U.S. Treasury introduced Treasury Inflation-Protected Securities (TIPS), which are bonds indexed for inflation, to protect investors from the decline in the purchasing power of their money.