The rate that you actually earn on a Canadian T-bill is called the __________ rate

Name: The rate that you actually earn on a Canadian T-bill is called the __________ rate
Brand: Quizplus
Rating: 4.9 (51 reviews)

Question

Quizplus · Accepted Answer

The effective annual rate is the actual rate earned on a Canadian T-bill because it takes into account the compounding of interest over time. The other options (discount rate, treasury rate, bill rate, and annual percentage rate) may be associated with T-bills but do not accurately reflect the actual rate earned.

The Rate That You Actually Earn on a Canadian T-Bill