Submitted bids in treasury bills auction consists of types which are
A. competitive bids
B. non-competitive bids
C. treasury bids
D. both a and b
Answer: Option D
Solution(By Examveda Team)
Submitted bids in treasury bills auction consists of types which are competitive bids and non-competitive bids. Treasury delivers securities to bidders who were awarded securities in a particular auction. In exchange, Treasury charges the accounts of those bidders for payment of the securities. Treasury bills are issued at a discount or at par (face amount) and are paid at par at maturity.This Question Belongs to Management >> International Finance And Treasury
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