In the Treasury bill quote that follows, the price of the bill can be calculated from the ____ price.
A) bid
B) asked
C) yield
D) none of the above

Question

In the Treasury bill quote that follows, the price of the bill can be calculated from the ____ price. 
A) bid 
B) asked 
C) yield 
D) none of the above

Quizplus · Accepted Answer

In the given quote, "TB2040" indicates a 20-year Treasury bill. The "00" at the end indicates the bill is being quoted at the asked price, which is the price at which a seller is willing to sell the T-bill (also known as the offer or offer price). Therefore, the price of the bill can be calculated from the asked price.

In the Treasury Bill Quote That Follows, the Price of the Bill