The principal (par-value) of Treasury Inflation Protected Securities (TIPS) is only adjusted upward and never downwards even if inflation index is lower. Group of answer choices True False

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Money Growth And Inflation
Section22.2: The Costs Of Inflation
Problem 2QQ
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The principal (par-value) of Treasury Inflation
Protected Securities (TIPS) is only adjusted upward
and never downwards even if inflation index is lower.
Group of answer choices
True
False
Transcribed Image Text:The principal (par-value) of Treasury Inflation Protected Securities (TIPS) is only adjusted upward and never downwards even if inflation index is lower. Group of answer choices True False
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