Which of the following characteristics apply to U.S.Treasury bills?
I.Income taxed at both the federal and state level
II.Minimal,if any,default risk
III.Marketable,but not liquid
IV.Short maturities
A)I and III only
B)II and IV only
C)I, II, and IV only
D)II, III, and IV only
E)I, II, III, and IV

Question

Quizplus · Accepted Answer

U.S. Treasury bills have minimal or no default risk, and they have short maturities. They are also very liquid, which means that they can be easily bought or sold. However, their income is taxed only at the federal level, not by states or municipalities.

Which of the Following Characteristics Apply to U