Bonds issued by the U.S. Treasury are referred to as benchmark bonds because:
A. they are highly liquid and virtually free of default risk.
B. all bonds from national governments are labeled as benchmark bonds.
C. all bonds from the U.S. government have the same rate of interest.
D. they are always purchased for a premium.
Answer: A
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If the exchange rate is 0.8 euro per dollar, one dollar is equal to 1.25 euros.
Answer the following statement true (T) or false (F)
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