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
D
competitive bids
Correct Answer: non-competitive bids
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.