Which of the following are true of the yield on a discount basis as a measure of the interest rate?
举一反三
- The yield on a discount basis of a 180-day $1,000 Treasury bill selling for $950 is _________
- A monthly interest rate expressed as an annual rate would be an example of which one of the following rates?
- Which of the following actions by the Fed would reduce the money supply? A: an open-market purchase of government bonds B: a reduction in banks’ reserve requirements C: an increase in the interest rate paid on reserves D: a decrease in the discount rate on Fed lending
- Which type of bond most likely earns interest on an implied basis? A: Floater B: Conventional bond C: Pure discount bond
- For simple loans, the simple interest rate is _________ the yield to maturity.