Auction of TIPS security is classified as
A. premium bid auction
B. discount bid auction
C. multiple bid auction
D. One bid auction
Answer: Option D
Solution(By Examveda Team)
Auction of TIPS security is classified as one bid auction. Bidding is competitively offering a price that the bidder or the person offering a bid is willing to pay for a commodity this commodity can be anything, cars, bikes, properties, etc. The price offered is called a bid, the person offering the price is called the bidder and the entire phenomenon is known as bidding.This Question Belongs to Management >> International Finance And Treasury
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