Which of the following statements is true?
A) The U.S.Treasury deals in newly issued bonds and the Fed deals in previously issued (second-hand) bonds.
B) The U.S.Treasury deals in previously issued bonds and the Fed deals in newly issued bonds.
C) The U.S.Treasury deals in only newly issued bonds and the Fed deals in both new and second-hand bonds.
D) The U.S.Treasury deals in both new and second-hand bonds and the Fed only deals in second-hand bonds.
E) Both the U.S.Treasury and the Fed deal in both new and second-hand bonds.
Correct Answer:
Verified
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