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

question 50

Multiple Choice

A Treasury bill has a face value of $75,000,an asked yield of 3.05 percent,and matures in 35 days.What is the price of this bill?

• A)$74,687.14
• B)$74,777.60
• C)$74,819.80
• D)$74,868.00
• E)$74,878.42

---

Definitions:

European Union

A political and economic union of 27 European countries that participate in a standardized legal and regulatory system.

Free-Trade Zone

A specific region within a country where goods may be imported, handled, manufactured, or reconfigured, and re-exported without the intervention of customs authorities.

Quota

A quota is a government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a certain time period.

Restriction

A rule or regulation that limits or controls actions or developments.