Treasury Bills (T-bills)
What is it? A short-term government security, sold through the Federal Reserve Bank by competitive bidding at weekly and monthly auctions, in denominations from $10,000 to $1 million. T-bills are the most widely used of all government debt securities and are a primary instrument of Federal Reserve monetary policy. U.S. Treasury securities, including Treasury Notes and Treasury Bonds, are considered conservative investments. Treasury bills are backed by the full faith and credit of the U.S. government.Added By: Nevaeh
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