With a short term interest rates near 0% in 2013, suppose the U.S. Treasury decided to replace maturing notes and bonds by issuing new Treasury bills
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Get it written →With a short term interest rates near 0% in 2013, suppose the U.S. Treasury decided to replace maturing notes and bonds by issuing new Treasury bills, thus shortening the average maturity of U.S. debt outstanding. Discuss the pros and cons of this strategy.
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