There is essentially no risk of default for U.S. government securities

If the U.S. Postal Service raised its first-class postage rate by 10 percent and found (to its surprise) total receipts from first-class mail service subsequently increased by 10 percent, the demand for first-class mail service would be

A) completely elastic. B) completely inelastic. C) greater than anticipated. D) unit elastic. E) upward sloping.

A 91-day $10,000 Treasury bill is selling for $9,000. The bill's coupon equivalent yield is __________ percent

A) 3.96 B) 4.46 C) 8.02 D) 10.0