Financial securities which are issued to finance government expenditures and national debt are classified as

A treasury notes and bonds
B contraction bonds
C expansion bonds
D dollar bonds

Correct Answer: treasury notes and bonds

Financial securities which are issued to finance government expenditures and national debt are classified as treasury notes and bonds. Treasury bills, notes, and bonds are fixed-income securities issued by the U.S. government. They are sold at auction and on the secondary market.

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