The bids of bidder which tells that how much treasury bills bidder wants to buy is classified as ____________?
Correct answer: C. non-competitive bids
- A. federal acceptance bid
- B. bankers' acceptance bid
- C. non-competitive bids
- D. competitive bids
Explanation
A non-competitive bid states the quantity of Treasury bills the bidder wants and accepts the yield determined at auction. A competitive bid specifies both the desired amount and the yield or price.
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