7. An investor in a T-bill earns interest by _________.

A. receiving interest payments every 90 days

B. receiving dividend payments every 30 days

C. converting the T-bill at maturity into a higher-valued T-note

D. buying the bill at a discount from the face value to be received at maturity

8. Commercial paper is a short-term security issued by __________ to raise funds.

A. the Federal Reserve

B. the New York Stock Exchange

C. large well-known companies

D. all of these options