You turn to the Treasury bond market page of a newspaper and look under the column headed "Bid" and see that it says, "125:8" this indicates that
A) the price that the buyer is willing to pay for this bond is $125.08.
B) the price that the buyer is willing to pay for this bond is $1,252.50.
C) the price that the seller is willing to sell this bond for is $125.80.
D) the price that the seller is willing to sell this bond for is $125.08.
B
You might also like to view...
The desired reserve ratio is 10 percent. Fly By Night Bank has deposits of $250,000 and reserves of $25,000. What is the amount of its excess reserves?
What will be an ideal response?
An exchange rate arrangement with a free market determined floating exchange rate for capital account transactions and a fixed exchange rate for current account transactions is called
A) capital-current account exchange rate system. B) dual exchange rate system. C) managed exchange rate system. D) crawling peg exchange rate system.