Which of the Following Statements Is True

question 197

Multiple Choice

Which of the following statements is true?

• A) The U.S.Treasury deals in newly issued bonds and the Fed deals in previously issued (second-hand)bonds.
• B) The U.S.Treasury deals in previously issued bonds and the Fed deals in newly issued bonds.
• C) The U.S.Treasury deals in only newly issued bonds and the Fed deals in both new and second-hand bonds.
• D) The U.S.Treasury deals in both new and second-hand bonds and the Fed only deals in second-hand bonds.
• E) Both the U.S.Treasury and the Fed deal in both new and second-hand bonds.