Which of the following statements are true of Treasury bills?
A) The market for Treasury bills is extremely deep and liquid.
B) Occasionally, investors find that earnings on T-bills do not compensate them for changes in purchasing power due to inflation.
C) By volume, most Treasury bills are sold to individuals who submit noncompetitive bids.
D) All of the above are true.
E) Only A and B of the above are true.
Correct Answer:
Verified
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