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Basic Question 0 of 2

Which of the following statements about U.S. Treasury securities is false?

A. Treasury bills are sold on a discount basis.
B. Treasury notes have a maturity of 10 years or less.
C. Treasury notes pay face value at maturity.
D. Treasury bonds are short-term obligations.

User Contributed Comments 0

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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

describe funding choices by sovereign and non-sovereign governments, quasi-government entities, and supranational agencies

CFA® 2025 Level I Curriculum, Volume 4, Module 5.