June 2005 mutiple choice 12(3)

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November 26, 2015 at 12:18 pm #285450
yushanshan
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I think the sentence” treasury bills are bought and sold on a discount basis” are too absolute. But it is correct.
November 26, 2015 at 2:47 pm #285501
John Moffat
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Treasury bills are short-term and do not pay interest, but instead are issued at a discount.
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