A Newly Issued T-Bill with a $10,000 Par Value Sells

question 39

Multiple Choice

A newly issued T-bill with a $10,000 par value sells for $9,750, and has a 90-day maturity. What is the discount?

• A)10.26 percent
• B)0.26 percent
• C)$2,500
• D)10.00 percent
• E)11.00 percent

Recognize the support role of the Small Business Administration (SBA) and Small Business Investment Companies (SBICs) in assisting small businesses.

Understand the concept of bridewealth and its significance in marital arrangements.

Recognize the legal and cultural diversity in marriage practices, such as polygyny and polygamy.

Comprehend the function and impact of marriage dissolution practices.

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Definitions:

Interstate Commerce

Economic activities or transactions that cross state boundaries or involve more than one state, regulated by the federal government in many countries.

Stay and Tender Laws

Legislative measures that prevent creditors from seizing the property of debtors and require debtors to make payment in a legal tender, typically applied during financial crises to provide relief.

Daniel Shays

A former soldier and symbolic figure of Shays' Rebellion (1786-1787), an armed uprising in Western Massachusetts protesting fiscal and civil rights injustices.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.