Q401
Bids of bidder which tells that how much treasury bills bidder wants to buy is classified as
A.
federal acceptance bid
B.
bankers
C.
non-competitive bids
AnswerD.
competitive bids
Answer: Option C
Solution
Answer: Option C
Solution:
Bids of bidder which tells that how much treasury bills bidder wants to buy is classified as non-competitive bids. Non-competitive bidding means the bidder would be able to participate in the auctions of dated government securities without having to quote the yield or price in the bid.