单选题 Which of the following best describes a Treasury note? Pays: A. implicit interest; is non-callable; has a 2- to 10-year maturity. B. explicit interest; is callable; has a 1- to 15-year maturity. C. explicit interest; is non-callable; has a 2- to 10-year maturity.

【正确答案】 C

【答案解析】While some Treasury bonds issued prior to 1984 are callable, notes are not. They pay explicit, semi-annual interest and have original maturities ranging from 2 to 10 years.