Multiple Choice
Treasury bills (T-bills) pay
A) a fixed amount at maturity and no explicit interest payments; T-bills sell at a discount.
B) a fixed amount at maturity and explicit interest payments.
C) a fluctuating amount at maturity and no explicit interest payments.
D) a fluctuating amount at maturity and explicit interest payments.
Correct Answer:
Verified
Correct Answer:
Verified
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