What has been the average annual nominal rate of interest on Treasury bills over the past 117 years (1900-2017)?
A)Less than 1%
B)Between 1% and 2%
C)Between 2% and 3%
D)Greater than 3%

Question

Quizplus · Accepted Answer

The average annual nominal rate of interest on Treasury bills over the past 117 years (1900-2017) has been greater than 3%. This reflects the long-term historical performance of these securities, taking into account various economic cycles, including periods of high inflation and interest rates, particularly during the late 20th century.

What Has Been the Average Annual Nominal Rate of Interest