Which of the following "premiums" is not typically included in the rate on U.S. Treasury securities?

Name: Which of the following "premiums" is not typically included in the rate on U.S. Treasury securities?
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Question

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U.S. Treasury securities are considered to be risk-free with no default risk, therefore, a default risk premium is not typically included in the rate. However, the other premiums listed (liquidity, inflation, and market risk) may be included in the rate.

Which of the Following "Premiums" Is Not Typically Included in the Rate