Final answer:
Interest on Treasury notes is paid semiannually. These notes have maturities ranging from 2 to 10 years and can be purchased in various denominations.
This correct answer is B.
Step-by-step explanation:
The question is about when interest on Treasury notes is paid. Interest on Treasury notes is paid semiannually, which means it occurs twice a year.
Treasury notes are a secure financial investment option for those looking for a reliable source of interest income. When the federal government borrows money, and the maturity of the note is between 2 to 10 years, it issues Treasury notes.
These can be purchased in denominations varying from $1,000 to $5,000. Treasury bonds, on the other hand, have a longer maturity, ranging from 10 to 30 years.
This correct answer is B.