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NEW QUESTION: 1
A. Option B
B. Option C
C. Option A
D. Option D
Answer: C
NEW QUESTION: 2
A treasury obligation having no fixed rate of interest with a thirty day maturity due April 22 is most likely a:
A. treasury note
B. Series EE bond
C. Series H bond
D. tax anticipation bill
Answer: D
Explanation:
tax anticipation bill. These obligations pay no interest and their maturity comes after
corporate tax payment dates. They are accepted for redemption at face value prior to maturity on
corporate tax payment dates to encourage purchase by corporations.
NEW QUESTION: 3
If Q and T are integers, what is the value of Q?
(1) Q = 2T/7.
(2) T+7/2 =7(Q+2)/4
A. Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.
B. Either statement BY ITSELF is sufficient to answer the question.
C. Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.
D. Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.
E. Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.
Answer: E
Explanation:
Explanation/Reference:
Explanation:
We want to find the number value of Q.
In statement (1) we are given the ratio between Q and T, which is not sufficient.
Statement (2) can be simplified:
T+7/2 = 7(Q+2)/4 ꢀ T+7 = 7Q+14/2 ꢀ T+7 = 7Q/2 +7 ꢀ T = 7Q/2
We can see that the same ratio is given in statement (2) also and more data is required to answer the question. Both statements give the same information. The correct answer is E.