Finra Exam Series-7 Topic 3 Question 111 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 111
Topic #: 3

[All Series-7 Questions]

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

Athey are issued at a discount

Bthey are money market instruments

Cthey are issued in denominations of $1,000 to $1,000,000

Dthey are general obligations of the US government

Show Suggested Answer

Suggested 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.

by Ciara at May 02, 2025, 07:11 PM

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Dianne

5 days ago

I'm going with A. Treasury bills are issued at a discount from their face value, not at par.

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Jose

19 days ago

B and C seem correct to me. Treasury bills are definitely money market instruments and are issued in those denominations.

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Boris

3 days ago

D) they are general obligations of the US government

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Billy

9 days ago

A) they are issued at a discount

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Anglea

1 months ago

I think the answer is D. Treasury bills are not general obligations of the US government, they are backed by the full faith and credit of the government.

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Glenn

2 days ago

User 3: I agree with Glenn, the answer is C. Treasury bills are not issued in denominations of $1,000 to $1,000,000.

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Kent

13 days ago

User 2: Actually, the correct answer is C. Treasury bills are issued in denominations of $1,000 to $1,000,000.

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Johna

19 days ago

User 1: I think the answer is D. Treasury bills are not general obligations of the US government, they are backed by the full faith and credit of the government.

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