Multiple Choice
Which of the following about Australian Treasury notes is incorrect?
A) Australian Treasury notes are discount securities.
B) The minimum bid must be for a face value of $1 million.
C) Bids are accepted in ascending order; that is lowest-yield.
D) Bids are made in terms of yield to maturity up to three decimal places.
Correct Answer:
Verified
Correct Answer:
Verified
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Q12: Which of the following is NOT a
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Q14: Banks are required to maintain exchange settlement