Which one of the following statements is false?
A)The U.S.government sells bonds to obtain financing.
B)U.S.government Treasury securities carry a reduced risk of default.
C)Interest on U.S.government securities is taxable for federal income tax purposes.
D)Most individual investors that purchase Treasury bills, notes, and bonds bid competitively.
E)Treasury securities may be purchased through banks or brokers.

Question

Quizplus · Accepted Answer

Most individual investors purchase Treasury securities through non-competitive bids, allowing them to accept the yield determined at auction without specifying a price.

Which One of the Following Statements Is False