Questions: A 20 bill is a Multiple Choice gold certificate. Treasury bill. Treasury Note. Federal Reserve Note.

A 20 bill is a Multiple Choice gold certificate. Treasury bill. Treasury Note. Federal Reserve Note.
Transcript text: A $\$ 20$ bill is a Multiple Choice gold certificate. Treasury bill. Treasury Note. Federal Reserve Note.
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Solution

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Answer

The answer is Federal Reserve Note.

Explanation
Option 1: Gold certificate

A gold certificate was a type of paper currency issued by the United States government that was backed by gold reserves. These certificates were used in the past but are no longer in circulation.

Option 2: Treasury bill

A Treasury bill (T-bill) is a short-term government debt security with a maturity of one year or less. T-bills are sold at a discount and do not pay interest before maturity.

Option 3: Treasury Note

A Treasury note (T-note) is a marketable U.S. government debt security with a fixed interest rate and a maturity between one and ten years. T-notes pay interest every six months.

Option 4: Federal Reserve Note

A Federal Reserve Note is the official currency of the United States, issued by the Federal Reserve. It is the most common form of U.S. paper money in circulation today, including the $20 bill.

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