A 182-Day, $250,000 Treasury Bill Originally Issued at 6

question 10

Multiple Choice

A 182-day, $250,000 Treasury Bill originally issued at 6.6% was sold at 5.9% simple interest, 82 days after it was issued. What was the selling price?

• A) $245,560
• B) $250,000
• C) $246,730
• D) $246,347
• E) $246,023

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Definitions:

Tariffs and Quotas

Tools used by governments in international trade policy; tariffs are taxes on imported goods, while quotas are limits on the quantity of goods that can be imported.

Agricultural Imports

Goods related to agriculture brought into a country from abroad.

Food, Conservation, and Energy Act

A comprehensive piece of legislation passed by the United States Congress to address issues related to agriculture, nutrition, conservation, and energy.

Price Supports

Government interventions to maintain the market price of an agricultural commodity at a predetermined level to ensure income stability for farmers.