In the T-bill secondary market the ask yield will normally be less than the bid yield. True or False

TRUE

Explanation:

Treasury moved from a competitive pricing market to a specific price offer, since the latter reduced investor's average sale price and investors want Treasury bill in less than their bid value

If treasury bill goes to sell in secondary market then investors wants to get their investment back , that's why treasury bill yield less than normally yield.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.