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FINRA Series 7

Category - Series 7

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Which of the following is not true about US treasury bills?

they are issued at a discount
they are money market instruments
they are issued in denominations of $1,000 to $1,000,000
they are general obligations of the US government

Explanation

Answer: C - they are issued in denominations of $1,000 to $1,000,000. Remember, the question asks what is “not” true. The smallest denomination for a US treasury bill is $10,000.

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