5. a. Go to www.treasurydirect.gov. Under Individuals, go to Treasury Bills, Notes, Bonds, TIPS, and FRNs. Click

Question:

5.

a. Go to www.treasurydirect.gov. Under “Individuals,”

go to “Treasury Bills, Notes, Bonds, TIPS, and FRNs.”

Click on “Treasury Bills.” Under “at a glance,” click on

“rates in recent auctions.” What is the investment rate for the most recently issued 26-week T-bills?

b. Go to the website of your favorite bank. What is the interest rate for six-month CDs?

c. Why are the rates for six-month CDs higher than for 26-

week Treasury bills?

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Related Book For  book-img-for-question

Macroeconomics In Modules

ISBN: 978-1464139055

3rd Edition

Authors: Paul Krugman ,Robin Wells

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