In the 1950s the interest rate on three-month Treasury bills fluctuated between 1 percent and 5.5 percent; in the 1980s it fluctuated between ________ percent and ________ percent.

Question

Quizplus · Accepted Answer

In the 1980s, the United States experienced a period of significantly high interest rates as part of the Federal Reserve's efforts to combat inflation. Interest rates on three-month Treasury bills, which are a short-term debt obligation issued by the U.S. Treasury, reflected this trend and fluctuated between 7 percent and 20 percent during this decade.

In the 1950s the Interest Rate on Three-Month Treasury Bills