问题
单项选择题
Which of the following statements regarding Treasury bills (T-bills) is TRUE T-bills:（）
A. have maturities greater than 6 months and can be sold at a price greater than par.
B. are considered the risk-free instrument, which means there exists no interest rate risk.
C. carry no coupon.
答案
参考答案：C
解析：
The maturities of T-bills range from 4 weeks to 6 months. T-bills are always sold on a discount basis. Risk-free means there is no credit risk, however, interest rate risk and price risk still exist.