Q224
Auction of TIPS security is classified as
A.
premium bid auction
B.
discount bid auction
C.
multiple bid auction
D.
One bid auction
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
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.