After a Treasury Security Is Sold for the First Time

question 104

Multiple Choice

After a treasury security is sold for the first time,

• A) it can no longer be sold.
• B) it must be sold to someone in a secondary market before it hits its maturity date.
• C) it loses its initial value.
• D) anyone can buy it in the large and active secondary market for U.S.Treasury securities.
• E) only large financial firms can buy it through auctions.

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Definitions:

Sensory Adaptation

The mechanism in which sense receptors reduce their responsiveness to steady stimuli over a period, helping organisms to pay attention to alterations in their surroundings.

Cochlear Implant

A surgically implanted electronic device that provides a sense of sound to a person who is profoundly deaf or severely hard of hearing.

Hearing Impairment

A partial or total inability to hear sound in one or both ears.

Electronic Device

A device that operates on electricity, typically using semiconductors and electronic circuits to perform its function.