You turn to the Treasury bond market page of a newspaper and look under the column headed "Ask" and see that it says, "128:16" this indicates that
A) the price that the buyer is willing to pay for this bond is $128.16.
B) the price that the buyer is willing to pay for this bond is $1,280.16.
C) the price that the seller is willing to sell this bond for is $1,285.
D) the price that the seller is willing to sell this bond for is $128.16.
C
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An assumption of classical growth theory is that when ________ the population growth rate ________
A) real GDP per person exceeds the subsistence level; increases B) people become more skilled; decreases C) the real wage rate falls; increases D) saving declines; decreases
To stay with a fixed exchange rate system, a nation that is losing most of its international reserves will have no choice but to
A) ask for or declare a devaluation. B) ask for or declare a revaluation. C) let its currency depreciate. D) let its currency appreciate.
Why is the demand for real money balances related to the nominal interest rate, rather than the real interest rate?
What will be an ideal response?
A market structure characterized by a small number of interdependent sellers is called a(n)
A. monopsony. B. oligopoly. C. monopoly. D. monopolistic competition.