Only $2.99/month

Terms in this set (76)

Which of the following statements is most correct?
a. Advance refunding is one of the new debt-management techniques used to extend the average maturity of the
marketable debt without disturbing the financial markets and occurs when the Treasury offers the owners of a
given issue the opportunity to exchange their holdings well in advance of the holdings' regular maturity for new
securities of longer maturity.
b. Reverse refunding is one of the new debt-management techniques used to extend the average maturity of the
marketable debt without disturbing the financial markets and occurs when the Treasury offers the owners of a
given issue the opportunity to exchange their holdings well in advance of the holdings' regular maturity for new
securities of longer maturity.
c. Extended refunding is one of the new debt-management techniques used to extend the average maturity of
the marketable debt without disturbing the financial markets and occurs when the Treasury offers the owners of
a given issue the opportunity to exchange their holdings well in advance of the holdings' regular maturity for
new securities of longer maturity.
d. Laddered refunding is one of the new debt-management techniques used to extend the average maturity of
the marketable debt without disturbing the financial markets and occurs when the Treasury offers the owners of
a given issue the opportunity to exchange their holdings well in advance of the holdings' regular maturity for
new securities of longer maturity.
e. none of the above