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PT Ch15 - Exam Name MULTIPLE CHOICE Choose the one...

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Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Which of the following statements about TIPs is TRUE? 1) A) TIPs refer to Treasury inflation protection securities. B) The Treasury has issued TIPS that are notes and bonds. C) TIPs adjust for inflation. D) All of these 2) In January 1999, the structure of the government bond market changed with the start of ________ enabling the Euro government bond market to become the largest government bond market in the world in terms of size and number of issues. 2) 3) Because of the possibility of disinflation (i.e., price declines), the inflation - adjusted principal at maturity may turn out to be less than ________ value. However, the Treasury has structured TIPS so that they are redeemed at the ________ the inflation - adjusted principal and the initial par value. 3) 4) There are four methods that have been used in distributing new securities of central governments. Which of the below is NOT one of these? 4) 5) ________, governments announce auctions when prevailing market conditions appear favorable. 5) A) In the regular calendar auction/Dutch - style auction system B) In the regular calendar auction/minimum - price offering system C) In a tap system D) In the ad hoc auction system 6) The yields on ________ government bonds are viewed as benchmark interest rates in Europe. 6) A) Japan B) German C) England D) U.S.A. 7) In regards, to the auction for Treasury securities, which of the below statements is FALSE? 7)
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