00:01
All right, so we're looking at bonds.
00:03
And so which of the following statements about treasury bonds is most accurate? and it's right here.
00:10
They have a small amount of default risk, so they're not completely riskless.
00:15
Because oftentimes bonds are concerned, are called like fixed income assets or riskless.
00:20
Or actually, low risk is probably a better term because the treasury could default, but it'd be very, very rare.
00:27
So not a good chance of that.
00:28
It could happen, but that's why it's called.
00:31
Low risk, not risk less.
00:35
And so we're going to answer a question based on, or some questions based on the statement in july of 2009.
00:42
Hungary successfully issued one billion euros in bonds.
00:46
And this transaction was managed by citigroup.
00:49
Who issued the bonds? the hungarian government.
00:53
If citigroup issued them, then that would be it, but they're just managing it...