U.S. Treasury bills is not included in either M1 or M2. Option A
Having a maturity of one year or less, a Treasury Bill (T-Bill) is a short-term obligation of the United States government backed by the Treasury Department. Typically, $1,000 bills are available for purchase from the Treasury.
T-Bills, commonly referred to as Treasury Bills, are short-term, government-backed securities that are issued by the CBN. When the government needs to borrow money for a while, they are issued.
Treasury bills, notes, and bond interest income are all subject to federal income tax but are not subject to any state or local income taxes.
A Treasury note may be the ideal option if the money will only be needed temporarily due to its shorter maturity. Treasury bonds with maturities up to ten years may be more suitable for investors with a longer time horizon.
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