Asked by Khush Bhullar on Apr 28, 2024
Verified
$1 invested in Canadian Treasury bills in 1957 would have increased in value to approximately ____ by 2005.
A) $10
B) $23
C) $30
D) $43
E) $60
Canadian Treasury Bills
Short-term government securities issued by the Government of Canada, maturing in one year or less, and used as a means for the government to raise funds.
Increased Value
The rise in the worth or market price of an asset.
- Comprehend the impact of time on the value of investments across various asset classes.
Verified Answer
AS
Airline StoreApr 28, 2024
Final Answer :
B
Explanation :
Based on historical financial data, $1 invested in Canadian Treasury bills in 1957 would have grown to approximately $23 by 2005, reflecting the average annual returns including the reinvestment of interest earnings over this period.
Learning Objectives
- Comprehend the impact of time on the value of investments across various asset classes.