View all questions & answers for the ICWIM exam
Treasury bills are normally issued with a minimum maturity of:
1 month
3 months
1 year
3 years
Treasury Bills Defined
Treasury bills (T-bills) are short-term government debt securities issued at a discount and redeemed at face value at maturity.
They are typically issued with maturities of 3 months (most common), 6 months, and 1 year.
Why the Answer is B
While T-bills can have shorter or longer maturities, 3 months is the standard minimum maturity for most markets, including the UK and US.
ICWIM Study Guide, Chapter on Fixed Income Securities: Covers treasury bill characteristics.
Debt Market Literature: Confirms typical T-bill maturities.
References
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