14. Suppose the U.S. government defaults on its payments (i.e., cannot pay T-bills at their maturity date).
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14. Suppose the U.S. government defaults on its payments (i.e., cannot pay T-bills at their maturity date). What would be the effect on the T-bill rate? What would be the effect on the interest rates of other money market instruments?
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Related Book For 
Financial Markets And Institutions
ISBN: 9780134519265
9th Edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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