A one-year treasury bill with a face value of $3 million has a nominal interest rate of a nominal interest rate of % if its purchase price is $2,905,000. Enter your responses rounded to 1 decimal place. % if its purchase price is $2,920,000 and
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a. A one-year treasury bill with a face value of $3 million has a nominal interest rate of
a nominal interest rate of
% if its purchase price is $2,905,000. Enter your responses rounded to 1 decimal place.
% if its purchase price is $2,920,000 and
b. To raise the nominal interest rate on treasury bills the Bank of Canada can adjust supply in its auction of bills through a(n)
((Click to select) v in how many bills it sells at the auction.
c. To raise the nominal interest rate on treasury bills the Bank of Canada can also adjust its own purchases in the auction of treasury
bills through a(n) (Click to select) y in how many bills it buys at the auction.
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