Which of the following is a TRUE statement regarding Treasury Bills?
A T-Bills are non-callable and are issued at par
B T-Bills are non-callable and are issued at a discount
C T-Bills are callable and are issued at a discount
D T-Bills are non-callable and are issued at premium
Answer: C T-bill are callable and are issued at a discount.
Explanation:
Treasury bill are issued by government to control the amount of money in circulation, they can be issued at par, discount or premium and they are callable
