What do we call 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-week increments are called T-bills. Debentures are a type of long-term debt instrument, and treasury bonds are long-term government securities with maturities of 10-30 years. Money market mutual funds are not government-issued debt securities, but rather investment funds that invest in short-term, low-risk securities such as T-bills.

What Do We Call Short-Term IOUs Issued by the Government