What is the term for short-term IOUs issued by the government that mature in 4,13,and 26-week increments?
A)debentures
B)Treasury bonds
C)money market mutual funds
D)T-bills

Question

Quizplus · Accepted Answer

Short-term IOUs issued by the government that mature in 4, 13, and 26 weeks are commonly referred to as T-bills or Treasury bills. Debentures are long-term debt instruments issued by companies, while Treasury bonds are long-term debt instruments issued by the government. Money market mutual funds are investment pools that invest in short-term debt securities.

What Is the Term for Short-Term IOUs Issued by the Government