Once auctioned on Monday or Tuesday, Treasury Bills are issued to the winning bidders and must be paid for immediately following the auction date on the following:

A. Tuesday

B. Wednesday

C. Thursday

D. Monday

The correct option is C: Thursday

Explanation:

Treasury bill auctions are conducted by the Federal Reserves every week, specifically on Monday and Tuesday. After the auction, highest bidders are issues the bills, which is expected and must be paid for on the Thursday that follows the auction date. It is important to note that One Year Treasury bills are auction on a monthly basis.