Money & Bank MCQ
MB Chapter 4
Dealers in T-bills make profits by selling T-bills at a ________ price than they pay for them, thus, the ________ discount yield should be lower than the ________ discount yield.
Dealers in T-bills make profits by selling T-bills at a ________ price than they pay for them, thus, the ________ discount yield should be lower than the ________ discount yield.
Dealers in T-bills make profits by selling T-bills at a ________ price than they pay for them, thus, the ________ discount yield should be lower than the ________ discount yield.
A) higher; bid; asked
B) higher; asked; bid
C) lower; bid; asked
D) lower; asked; bid
Answer: B
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