If a Treasury Note Has a Bid Price of $975

question 20

Multiple Choice

If a Treasury note has a bid price of $975, the quoted bid price in the Wall Street Journal would be

• A)97:50.
• B)97:16.
• C)97:80.
• D)94:24.

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Definitions:

Seller's Risk

The risk borne by the seller of goods until the ownership is transferred to the buyer, typically under specified delivery terms.

Exported Goods

Items that are sent from one country to another for the purpose of trade or sale.

Sovereign Immunity

The legal doctrine that prevents the government or its subdivisions, departments, and agencies from being sued without its consent.

Foreign Sovereign Immunities Act

A U.S. law that limits the circumstances under which a foreign sovereign nation (its political subdivisions, agencies, and instrumentalities) can be sued in U.S. courts.