32. Two Treasury bonds have the same par value, the same yield to maturity, and the same coupon rate. Each sells for a premium. One has a longer maturity. Which has the greater duration? a. The bond with the longer maturity has the greater duration. b. The bond with the shorter maturity has the greater duration. c. An d. We need additional information to answer the question. y two Treasury bonds with the same maturity will have the same duration. 33. If loans L- $1,000 and the currency ratio C/D then what is the dollar amount of reserves? 0.10 and the reserve ratio R/D .25 a. Not more than $ 150 b. More than $ 150 but not more than $ 600 c. More than $ 600 but not more than $ 1200 d. More than $ 1200 34. For the same maturity, how would you rank the duration of Treasury Notes, principal strips, and coupon strips? a. Notes have greater duration than coupon strips and coupon strips have greater duration than principal strips. b. Notes have shorter duration than coupon strips and coupon strips have shorter duration than principal strips c. Notes have greater duration than coupon strips, but coupon strips have the same duration as principal strips d. Notes have shorter duration than coupon strips, but coupon strips have the same duration as principal strips 35. Here is the quote: "British export industries suffer because they are asked first of all to accept 10 per cent reduction while there is no machinery to force other groups of workers to take a similar cut. Who is the author? a. Montagu Norman b. Winston Churchill C. John Maynard Keynes d. Benjamin Strong