A respected analyst reports that last week's T-bill rate at 6% is lower than the rate for the preceding week and lower than the average for the past month. Which of the following is TRUE?
A) Prices are descending.
B) The general level of interest rates is increasing.
C) Investors are paying less for T-bills.
D) Investors are paying more for T-bills.
Answer: D) Investors are paying more for T-bills.