The Federal Reserve (the Fed) auctions bonds for the Treasury as a service. The Treasury does not have direct contact with the financial markets, whereas the Fed interacts in the markets as a regular course of business, most directly with the approved government bond dealers with whom it deals in the conduct of monetary policy.

The designation "ex-coupon" indicates that the bond buyer does not receive the next coupon payment. The bond seller is entitled to the entire coupon payment. Consequently, there is no accrued interest for the buyer for this transaction.

Economic profit is total revenue minus the sum of explicit and implicit costs. Thus, when economic profit is zero, firms still receive a profit to cover their implicit costs.

Rule-of-thumb measure is a method used to determine whether a financial ratio is considered acceptable or not.

Bid cross rate for the real R:B = 25.2513/1.0076 = 25.0608. Ask cross rate for the real R:B =
25.3986/0.9955 = 25.5134. Therefore the direct quotes for the real in Bangkok are R:B = 25.0608 - 5134.