A one-year Treasury bill with an annual yield of 10 percent and a price of $909.09 has a face value of
A) $900.
B) $1,000.
C) $980.
D) $1,020.
B
Economics
You might also like to view...
If the contribution from capital growth equals 2 percent and the contribution from labor growth equals 4 percent, then GDP ________
A) will grow by 6 percent B) will grow by 8 percent C) will grow by 2 percent D) will change by an unknown percentage
Economics
When demand is unit elastic, a 10 percent change in the price of the good
A) will cause a change in quantity demanded of less than 10 percent. B) will cause a change in quantity demanded equal to 10 percent. C) will cause a change in quantity demanded greater than 10 percent. D) will not cause any change in quantity demanded.
Economics