A Treasury Bill Has a Face Value of $65,000,an Asked

question 31

Multiple Choice

A Treasury bill has a face value of $65,000,an asked yield of 3.05 percent,and matures in 60 days.What is the price of this bill?

• A) $64,675.74
• B) $64,777.60
• C) $64,819.80
• D) $64,868.00
• E) $64,878.42

---

Definitions:

Average Variable Cost

The total variable costs of production divided by the quantity of output produced.

MC Curve

Stands for Marginal Cost Curve, depicting the cost of producing one additional unit of a good.

Shut-down Point

The level of operations at which a company's revenue is exactly equal to its variable costs, and it is indifferent between continuing operations and shutting down.

Economic Profit

The deviation between complete revenue and cumulative liabilities, including both named and unnamed expenses.