Q449
In treasury bills auction, treasury bills are sold at
A.
premium basis
B.
discount basis
AnswerC.
competitive basis
D.
federal basis
Answer: Option B
Solution
Answer: Option B
Solution:
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.