In the late 1990's, the U.S. Treasury reduced the amount of T-bills it issued. Reasons for this include:
A) The Treasury reached the congressionally-mandated ceiling for T-bill issuance
B) As commercial paper became more popular, the T-bill fell out of favor
C) Fewer needed to be issued due to U.S. Government budget surpluses
D) All of the above
E) Choices A and B only
Correct Answer:
Verified
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