Application for Purchase of Treasury Bills
41. Treasury bills (T-bills) are. a. the most liquid of all the money market instruments. b. traded very actively in the secondary market. c. the safest of all money market instruments. d. All of the above. ANSWER: d . 42. Treasury bills (T-bills) are initially sold. a. in the municipal securities market. b. in the secondary market. c. at a ... ................
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