Canadian Securities Course (CSC) Practice Exam · Question
A Treasury Bill (T-bill) is a short-term money market instrument issued by the Canadian government. How are T-bills typically quoted and sold?
Treasury Bills are sold on a discount basis, meaning investors pay less than the face value and receive the full face value at maturity, with the difference rep
Start free practice for Canadian Securities Course (CSC) Practice Exam
335 questions · no signup required · 40 free questions per day
Question: A Treasury Bill (T-bill) is a short-term money market instrument issued by the Canadian government. How are T-bills typically quoted and sold?
Answer options: ✅ On a discount basis
- With a fixed coupon rate
- As a percentage of par value, plus accrued interest
- Based on their dividend yield
Correct answer: On a discount basis
Explanation: Treasury Bills are sold on a discount basis, meaning investors pay less than the face value and receive the full face value at maturity, with the difference representing the interest earned.
Start free practice for Canadian Securities Course (CSC) Practice Exam
335 questions · no signup required · 40 free questions per day
More about Canadian Securities Course (CSC) Practice Exam
More for Canadian Securities Course (CSC) Practice Exam candidates
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free Canadian Securities Course (CSC) Practice Exam Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.