Which of the following pays a return in the form of a discount to face value?
A) Treasury bill
B) CD
C) Interbank deposit
D) Classic repo

Name: Which of the following pays a return in the form of a discount to face value? A) Treasury bill B) CD C) Interbank deposit D) Classic repo
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Question

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Treasury bills are issued at a discount from their face value, so the return to the investor is the difference between the discounted purchase price and the face value when the bill matures.

Which of the Following Pays a Return in the Form