All of the following are true of Treasury securities except they
A) are a means by which the U.S. government lends money.
B) have a maturity range up to 30 years.
C) have a minimum par value of $100.
D) can be bought and sold on the secondary market.
Answer: A
You might also like to view...
Which of the following, if true, supports the mother's position?
A) Julie has said that she wants to work for one of the Big Four accounting and professional services firms. B) The demand for government accountants is expected to grow in the near future. C) Two other recent grads in Julie's class chose to pursue public accounting. D) A recent survey showed that about 45 percent of new accountants chose public accounting. E) Julie has said that she wants to work as an in-house accountant for a large public interest group like Sierra Club or Greenpeace.
Discuss why an enterprise might need to customize the baseline accounting system
What will be an ideal response?