Multiple Choice
Which of the following statements about bank bills is NOT correct?
A) The interest rate on a bank bill is generally higher than on a bank overdraft.
B) The interest rate on a bank bill is generally lower than the yield on a Treasury note.
C) The interest rate on a bank overdraft is generally higher than the yield on a Treasury note.
D) The interest rate on a bank overdraft is generally higher than the yield on a Treasury bond.
Correct Answer:
Verified
Correct Answer:
Verified
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