If You Bought a T-Bill at $99

question 68

Multiple Choice

If you bought a T-bill at $99.44 and held it for 180 days what would your return be?

• A) 1.14%
• B) .011419%
• C) .0056%
• D) 11.49%

---

Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjustments have been made for errors, accruals, and deferrals.

Trial Balance

A bookkeeping report that lists the balances of all ledgers in two columns, debits and credits, to verify that total debits equal total credits.

Note Receivable

A written promise to pay a specified amount of money, along with interest, by a certain date, recognized as an asset on the balance sheet.