Which of the following U.S. government securities do NOT bear a stated interest rate but are sold at a discount through weekly auctions?
A) Treasury bills.
B) Treasury notes.
C) Treasury bonds.
D) TIPS.
Answer: A) Treasury bills.
Investments MCQ
Fixed Income (Debt) Securities
Which of the following U.S. government securities do NOT bear a stated interest rate but are sold at a discount through weekly auctions?