If a Treasury Note Has a Bid Price of $975

question 35

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.
• E) 97:75.

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Definitions:

Capitalist System

An economic system where trade, industries, and the means of production are largely or entirely privately owned and operated for profit.

Exploitation

The difference between what workers are paid and the wealth they create for the owner.

Inequality

The unequal distribution of resources, rights, and opportunities among individuals or groups in a society.

Marx

Refers to Karl Marx, a 19th-century philosopher, economist, and social scientist whose work in economics laid the foundation for much of the current understanding of labor and its relation to capital.