Answer:
Treasury Notes
Step-by-step explanation:
In simple words, a treasury note refers to marketable security of United states government loans with a fixed rate of interest and a period of maturity ranging from one to ten years. Treasury notes are authorized with a favorable or un-competitive deal from the administration.
Treasury notes are hugely preferred investments by indivudals as there is a wide commercial market contributing to their flexibility. Interest payments for bills are rendered before completion every half year. Interest payment earnings are not subject to taxation at provincial or local level, but are taxed nationally, identical to Treasury bond.