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4) Which of the following statements are true of Treasury bills? A) The market for Treasury bills is extremely deep and liquid. B) Occasionally, investors

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4) Which of the following statements are true of Treasury bills? A) The market for Treasury bills is extremely deep and liquid. B) Occasionally, investors find that earnings on T-bills do compensate them for changes in purchasing power due to inflation. C) By volume, most Treasury bills are sold to individuals who submit non-competitive bids. D) All of the above are true

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