Assume That the Treasury Experiences a Large Decrease in the Budget

question 3

Multiple Choice

Assume that the Treasury experiences a large decrease in the budget deficit and purchases a large number of short-term Treasury securities (Treasury bills or T-bills) . This action will ____ the supply of T-bills in the market and place ____ pressure on the yield of T-bills.

• A)decrease; downward
• B)decrease; upward
• C)increase; upward
• D)increase; downward

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