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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