SIE Exam Question 696: Answer and Explanation

Question: 696

Which of the following describes the maturities of Treasury bills, Treasury notes, and Treasury bonds?

• A. Treasury notes have maturities of 10 years or more.
• B. Treasury bills have maturities of 1 year or more.
• C. Treasury bonds have maturities greater than 10 years.
• D. All of the above are correct.

Correct Answer: C

Explanation:

Treasury bills have maturities of 1 year or less.

Treasury notes have maturities of 10 years or less.

Treasury bonds have maturities greater than 10 years.