Canadian Securities Course (CSC) Practice Exam · Question
Which of the following is a characteristic of a Treasury Bill (T-bill)?
Treasury Bills are short-term Government of Canada debt instruments issued at a discount and redeemed at their face value upon maturity, typically within one ye
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Question: Which of the following is a characteristic of a Treasury Bill (T-bill)?
Answer options:
- They are long-term debt instruments issued by the Government of Canada. ✅ They are issued at a discount and mature at face value.
- They pay semi-annual interest payments.
- They are insured by the Canada Deposit Insurance Corporation (CDIC).
Correct answer: They are issued at a discount and mature at face value.
Explanation: Treasury Bills are short-term Government of Canada debt instruments issued at a discount and redeemed at their face value upon maturity, typically within one year.
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