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  3. a. a one-year treasury bill with a face value of $

a. A one-year treasury bill with a face value of $1 million has a nominal...

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Accounting

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a. A one-year treasury bill with a face value of $1 million has a nominal interest rate of % if its purchase price is $985,000 and a nominal interest rate of % if its purchase price is $970,000. Enter your responses rounded to 1 decimai place. b. To raise the nominal interest rate on treasury bills the Bank of Canada can adjust supply in its auction of bills through a(n) in how many bills it sells at the auction. c. To raise the nominal interest rate on treasury bills the Bank of Canada can also adjust its own purchases in the auction of treasury bills through a(n) in how many bills it buys at the auction

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