Suppose you were an investor residing in U.S.A. Which of the following would NOT be a risk that you would associate with US Treasury Bonds?

1. Inflation Risk
2. Default Risk
3. Interest Rate Risk
4. Liquidity Risk
5. Foreign Exchange Risk

II, IV and V.

II, III and V.

I and III.

None of the above, since Treasury Bonds are considered to be risk-free.