Submitted bids in treasury bills auction consists of types which are

Submitted bids in treasury bills auction consists of types which are Correct Answer both a and b

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.

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