Finra Series-7 Exam - 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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Isaac

2 months ago

Wait, are they really general obligations?

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Alyce

2 months ago

C seems off, they don’t go that high.

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Katina

3 months ago

Totally agree, B is correct!

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Ivan

3 months ago

I thought they were only $1,000 to $100,000.

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Cassie

3 months ago

They are definitely issued at a discount.

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Viola

3 months ago

I’m a bit confused about C; I thought they were issued in smaller denominations, like $1,000, but I can't recall the exact details.

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Freeman

4 months ago

I feel like I’ve seen a question about treasury bills before, and I think they are general obligations, so D might be true.

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Lelia

4 months ago

I think B is correct too, since they are classified as money market instruments, but I'm not sure about the denominations.

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Dana

4 months ago

I remember studying that treasury bills are indeed issued at a discount, so A seems true.

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Rebbecca

4 months ago

Ah, I remember now! Treasury bills are general obligations of the US government, so that must be the correct answer. I feel good about this one.

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Isadora

4 months ago

Okay, let me think this through. Treasury bills are issued in denominations of $1,000 to $1,000,000, so that can't be the answer. I'm leaning towards D, but I'll double-check the other options.

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Doug

5 months ago

Hmm, I'm a bit unsure about this. I know treasury bills are money market instruments, but I'm not sure if that's the correct answer here.

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Lenora

5 months ago

I'm pretty confident about this one. Treasury bills are issued at a discount, so that's not the right answer.

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Veta

8 months ago

Haha, I bet the government wishes they could issue bills in the millions! But C is the right answer here.

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Dianne

8 months ago

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

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Stefanie

7 months ago

Correct. Treasury bills are general obligations of the US government.

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Aleta

7 months ago

D) they are general obligations of the US government

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Reuben

7 months ago

That's right. Treasury bills are issued in various denominations.

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Maryrose

7 months ago

C) they are issued in denominations of $1,000 to $1,000,000

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Dorthy

7 months ago

Yes, that's true. Treasury bills are considered money market instruments.

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Harrison

7 months ago

B) they are money market instruments

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Isabelle

8 months ago

That's correct. Treasury bills are indeed issued at a discount.

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Sabra

8 months ago

User 3: So, A is the correct answer then.

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Marta

8 months ago

A) they are issued at a discount

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Oneida

8 months ago

User 2: Yes, that's right. They are sold for less than their face value.

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Dino

8 months ago

User 1: I think A is correct. Treasury bills are issued at a discount.

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Jose

9 months 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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Laurene

8 months ago

C) they are issued in denominations of $1,000 to $1,000,000

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Ines

8 months ago

B) they are money market instruments

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Gracia

8 months ago

A) they are issued at a discount

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Boris

8 months ago

D) they are general obligations of the US government

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Billy

9 months ago

A) they are issued at a discount

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Anglea

9 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

8 months 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

9 months 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

9 months 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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