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NEW QUESTION: 2
What type of security is quoted with a bid price of 4.72 and an asking price of 4.68?
A. US treasury bill
B. US treasury bond
C. US treasury note
D. Series H bond
Answer: A
Explanation:
US Treasury bill. T-bills are quoted by yield. Therefore, the bid is higher than the asking price.
A higher yield means a lower price.
NEW QUESTION: 3
A. Option D
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