Newly issued U.S. Treasury Securities are sold in:
A. only to the Federal Reserve who then resells them.
B. secondary markets but only using registered bond dealers.
C. the secondary market since bonds cannot be sold in the primary market.
D. the primary financial market.
Answer: D
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The proportion of total direct expenditure made by local governments is called the centralization ratio.
A. True B. False C. Uncertain
Explain what change will bring a movement along a curve
What will be an ideal response?
Utility is:
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