Solved

-The Bank of Canada Announced a Treasury Bill Auction with

Question 90

Multiple Choice

 Bidder  Price Bid  Quantity Bid (billion)   A $9,380$19 B $9,410$15 C $9,440$13 D $9,460$10 E $9,490$9 F $9,510$6\begin{array}{rrr}\text { Bidder } & \text { Price Bid } & \text { Quantity Bid (billion) } \\\text { A } & \$ 9,380 & \$ 19 \\\text { B } & \$ 9,410 & \$ 15 \\\text { C } & \$ 9,440 & \$ 13 \\\text { D } & \$ 9,460 & \$ 10 \\\text { E } & \$ 9,490 & \$ 9 \\\text { F } & \$ 9,510 & \$ 6\end{array}

-The Bank of Canada announced a Treasury bill auction with $50 billion available. In addition, noncompetitive bids totaled $12 billion. What was total amount raised?


A) $47.45 billion
B) $47.20 billion
C) $47.55 billion
D) $47.05 billion
E) $47.30 billion

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents