A Treasury Bill Has a Face Value of $75,000,an Asked

question 66

Multiple Choice

A Treasury bill has a face value of $75,000,an asked yield of 3.05 percent,and matures in 90 days.What is the price of this bill?

• A) $74,440.17
• B) $74,477.60
• C) $74,519.80
• D) $74,568.00
• E) $74,578.42

---

Definitions:

Card Checking

A method used in labor organization activities where employees sign cards indicating their support for union representation.

Certification Process

The formal procedure by which an individual or organization is assessed and confirmed to meet specific standards or qualifications.

Resistance Point

In negotiation, the least favorable point at which one will accept a deal. Beyond this point, the party would prefer to walk away from negotiations.

Bargaining Committee

A group of individuals, often from a labor union, designated to negotiate terms of employment, such as wages and working conditions, with an employer.