In treasury bills auction, treasury bills are sold at

A. premium basis

B. discount basis

C. competitive basis

D. federal basis

Answer: Option B

Solution(By Examveda Team)

In treasury bills auction, treasury bills are sold at discount basis. Treasury bills are sold at a discount to the par value. It is a static value determined at the time of issuance and, unlike market value, it doesn't fluctuate on a regular basis., which is its actual value.