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Question
The Federal Reserve is offering Treasury bills with a par value of $30 billion for sale. They have received $11 billion of noncompetitive bids. The competitive bids for a $10,000 par value bond are:
How much money will the Federal Reserve raise from this offering?
A. $29.55 billion
B. $29.40 billion
C. $29.10 billion
D. $29.33 billion
E. $29.25 billion
Answer
This answer is hidden. It contains 141 characters.
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