New US Treasury IOUs around the globe have totaled more than $3 trillion annually in recent years, fueled by
A) 50 to 100 treasury auctions per year
B) 150 to 200 treasury auctions per year
C) 200 to 300 treasury auctions per year
D) 400 treasury auctions per year
E) None of the above

Question

Quizplus · Accepted Answer

The U.S. Treasury holds around 150 to 200 auctions per year to issue new Treasury securities, which helps to finance the government's spending needs. This high frequency of auctions is part of the process that contributes to the issuance of trillions of dollars in new Treasury IOUs globally.

New US Treasury IOUs Around the Globe Have Totaled More