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FINRA Series 7

Category - Series 7

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Which of the following is not an attribute of US treasury bills?

an unusually high degree of liquidity
always sells at a discount to face value
is most often issued with three-month, six-month, and one-year maturities
interest is exempt from federal income taxes

Explanation

Answer: D - interest is exempt from federal income taxes. This is the choice that is “not” an attribute of treasuries. All of the other choices are attributes of US treasury bills, which are subject to federal income taxes.

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