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Which of the following about Treasury bonds is NOT correct? A) The volume of over-the-counter transactions for Treasury bonds is far larger than the volume

Which of the following about Treasury bonds is NOT correct?

A) The volume of over-the-counter transactions for Treasury bonds is far larger than the volume of on-exchange trades.

B) Banks hold Treasury bonds for liquidity management.

C) If fund managers expect interest rates to fall they may decrease their holdings of long-term Treasury bonds.\

D) The Reserve Bank of Australia holds government securities as part of monetary policy.

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