Question: Treasury issues are: Multiple Choice a) Exempt from state income taxes but, not federal income taxes. b) Exempt from federal income taxes but, not state

Treasury issues are:

Multiple Choice

a) Exempt from state income taxes but, not federal income taxes.

b) Exempt from federal income taxes but, not state income taxes.

c) Have large amounts of default risk.

d) Securities that the U.S. government issues for periods up to 50 years.

e) Dependent on whether the treasury can obtain money to make payments.

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