The largest component of the fixed-income market is _______ debt.
A) Treasury
B) asset-backed
C) corporate
D) tax-exempt
E) mortgage-backed

Name: The largest component of the fixed-income market is _______ debt. A) Treasury B) asset-backed C) corporate D) tax-exempt E) mortgage-backed
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Treasury debt is the largest component of the fixed-income market, primarily because governments issue large amounts of debt to finance their operations and projects, making it a vast and liquid market.

The Largest Component of the Fixed-Income Market Is _______ Debt