Question: The bidder who can receive the allocation of treasury bills before all other bidders is the result of ___________?

• 1. highest bidder
• 2. lower bidder
• 3. zero bidder
• 4. non-competitive bidder

Question: The difference between purchase price of treasury bills and the face value of treasury bills is considered as __________?

• 1. premium
• 2. discount
• 3. return
• 4. mean value

Question: The transaction of federal funds usually take place in the form of ___________?

• 1. functional loans
• 2. annual loans
• 3. unsecured loans
• 4. secured loans

Question: The interest rate at which the federal funds are borrowed and can be lent is classified as ____________?

• 1. borrowing rate
• 2. supplying rate
• 3. lending rate
• 4. federal funds rate

Question: The agreement which incurs the transaction between two parties and promise held that second party will repurchase security at specific price is classified as ___________?

• 1. repurchasing commercial notes
• 2. repurchase bills
• 3. repurchase agreement
• 4. reverse repurchase agreement

Question: The type of funds that have transfer transactions between financial institutions are classified as __________?

• 1. federal funds
• 2. premium funds
• 3. discount funds
• 4. mean funds

Question: The financial instruments are traded in money markets and then traded in __________?

• 1. money markets
• 2. capital markets
• 3. debt markets
• 4. economic markets

Question: The principal issuer of the commercial papers are commercial banks and the major investors of principal investors includes ____________?

• 1. brokers and dealers
• 2. corporations
• 3. other financial institutions
• 4. all of the above

Question: The government issues treasury bills at the discounted rate from ____________?

• 1. face value
• 2. book value
• 3. premium value
• 4. federal value

Question: The transactions in market of treasury bills is mostly transacted over telephone and hence classified as ____________?

• 1. decentralized
• 2. centralized
• 3. federalize
• 4. commercialize