The level of short-term nominal interest rates is measured by the return on
A) treasury bills.
B) certificates of deposits.
C) corporate bonds.
D) pork belly futures.

Question

Quizplus · Accepted Answer

Treasury bills are short-term debt securities issued by the government and are considered a risk-free investment. The yield on treasury bills is commonly used as a benchmark for short-term nominal interest rates.

The Level of Short-Term Nominal Interest Rates Is Measured by the Return