首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
To finance the national debt, the government issues a variety of debt securities. The most widely held liquid security is the Tr
To finance the national debt, the government issues a variety of debt securities. The most widely held liquid security is the Tr
admin
2011-01-26
125
问题
To finance the national debt, the government issues a variety of debt securities. The most widely held liquid security is the Treasury bill, which is commonly issued by the ministry of finance. However, some Treasury bills, like the Treasury bill of the U. S. government, do not actually pay interest. Instead they are issued at a discount from par (their value at maturity). The investor’s yield comes from the increase in the value of the security between the time it was pm, chased and the time it matures.
Treasury bills are attractive to investors because they are backed by the government and therefore are virtually free of default risk. Because even if the government ran out of money, it could simply print more to pay them off when they mature. The risk of unexpected changes in inflation is also low because of the short term to maturity. The markets for Treasury bills in most developed countries are deep and liquid. A deep market is one with many different buyers and sellers. A liquid market is one in which securities can be bought and sold quickly and with low transaction costs. Investors in markets that are deep and liquid have little risk that they will not be able to sell their securities when they want to.
As some treasury bills do not actually pay interest, they are not attractive to investors.
选项
A、Right
B、Wrong
C、Doesn’t say
答案
B
解析
转载请注明原文地址:https://www.kaotiyun.com/show/DkYd777K
0
初级(银行综合类)
原金融专业英语(FECT)
金融英语(FECT)
相关试题推荐
A、Theirfriendswantedtokeepitasecret.B、Theletterwiththeticketswasnotsigned.C、Therewasnoletterwiththetickets
Indiansalwaysshake(摇)theirheadswhentheytalktoothers.(41)doesnothavethesamemeaning(42)"no".Ifsomeonewant
Allnewproducts(产品)startasideas.Themanagerlooksatallthenewideas(41)putsdevelopmentmoneyinto(42)ofthem
Alotofpeopledon’twanttotalkabouttheirage,especially(尤其是)womenover30.Thethoughtofgrowingolderisapainful(痛苦的)
Hehastolearntousechopsticks,______hemarriedaChinesewife.
Forpurposeofrecordingaccountinginformation,eachcompanyisconsideredtobeseparatefromitsownersandallothercompani
Willthepayingbanksendthedocumentstotheissuingbankortothebuyer?
Ifthemarginalrateoftechnologicalsubstitution(MRTS)ismorethanthepriceratiooflaborovercapital(w/r),thentomini
Whoisthedraweeofacheque?
Correspondentbankingfacesaproblemofdefinition.Fiveyearsagothebusinesswaspreoccupiedwithelectronicfundstransfer.
随机试题
显示适配器是系统总线与显示器之间的接口。()
排上颌中切牙时用作参照的主要标志是有辅助发音的作用的是
桑杏汤主治桑菊饮主治
新生儿,产后5天,护士发现其体温38.9℃,应首先采取的有效措施是
患者,男,30岁,金属全冠黏固1周后脱落,咬合时常有瞬间性疼痛。口腔检查见患者咬合紧,牙冠短,对牙面有银汞合金充填物,脱落的全冠完整。铸造金属全冠的修复体设计,可不考虑的因素是()。
根据刑事诉讼法的有关规定,下列说法中,哪些是正确的?①对于贪污贿赂犯罪等重大复杂的2人以上的共同犯罪案件,人民检察院可以在5日以内安排律师会见的时间②询问不满18周岁的证人,应该通知其法定代理人在场③对人身伤害的医学鉴定或者对
个人贷款的特征包括()。
资源税的纳税义务人不包括()。
中学常用的教学方法有:讲授法、______、讨论法、演示法、练习法和实验法。
AstudyofhowolderteenagersusesocialmediahasfoundthatFacebookis"notjustontheslide,itisbasicallydeadandburi
最新回复
(
0
)