The US Treasury Department periodically borrows money and issues IOUs in the form of bills, notes, or bonds ("Treasuries"). The differences are in their maturities and denominations:
Bill
|
Note
|
Bond
| |
Maturity
|
Up to 1 year
|
1-10 years
|
10-30/40 years
|
Denomination
|
$1,000
|
$1,000
|
$1,000
|
Minimum
|
$10,000
|
$1,000
|
$1,000
|
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