Question 3 1 pts U In the secondary market for Treasury Bill, the bid price is In the secondary market for Treasury Bill, the bid price is O Must be equal to the ask price O Greater than the ask price of the treasury bill expressed in dollar terms The price at which the dealer in T-bills is willing buy the bill O The price at which the dealer in T-bills is willing sell the bill Question 5 1 pts Hometown Bank entered into an overnight reverse repurchase agreement. Which of the following best describes what it did? Bought a banker's acceptance. O Sold a security while agreeing to buy it back the next day. o It borrowed Fed funds temporarily. O Gave an unsecured loan to the counterparty. None of the other choices are correct. Question 8 1 pts The T-bill yield is usually than the same maturity commercial paper yield. O Unrelated to Either higher or lower depending on the commercial paper issuer's credit Slightly higher than O Equal to Slightly less than