T-Bill Yields Are Quoted on A(n)______ Basis

question 33

Multiple Choice

T-bill yields are quoted on a(n) ______ basis.

• A)compound interest
• B)after-tax
• C)discount
• D)none of the above

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Definitions:

Double Taxation

The imposition of taxes on the same income, asset, or financial transaction at two different levels of government, such as corporate income being taxed first at the corporate level and then at the shareholder level when dividends are paid.

Double Taxation

The imposition of taxes on the same income, asset, or financial transaction at two different levels of government, often seen with corporate earnings taxed at both the corporate level and again as shareholder dividends.

Ownership Transfer

The process by which ownership rights of a property or business are transferred from one party to another.