Question

All of these are considered characteristics of Treasury Bills or T-Bills, except:

a. T-Bills are "discounted" securities.
b. T-Bills are sold in minimum units of $100, with additional increments of $100.
c. T-Bills are sold in maximum units of $500.
d. All of these are considered characteristics of T-Bills.

Answer 1

c. T-Bills are sold in maximum units of $500.

Explanation:

T-Bills are sold in maximum units of $500 is not or will not be considered as a characteristic of Treasury Bill.