The Yield of a $50 000 45-Day Bill Decreases from 4

question 4

Multiple Choice

The yield of a $50 000 45-day bill decreases from 4% to 5%.What is the change in price of the bill?

• A) \( -62.33 \)
• B) \( -60.97 \)
• C) \( 60.97 \)
• D) \( 62.33 \)

---

Definitions:

Socializing

The process of interacting with others to learn and reinforce societal norms, behaviors, and expectations.

Helping Others

The act of providing assistance, support, or benefits to individuals without expecting personal gain, reflecting altruism and kindness.

Financially Well Off

refers to individuals or families who possess substantial financial resources, assets, or wealth, enabling a comfortable living standard beyond basic needs.

Securing Job

The process of obtaining steady employment.