What is the difference between a competitive bid and a non-competitive bid in a T-bill auction?
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Submitted bids can be either competitive bids or noncompetitive bids Competitive bids specify the amount of par value of bills desired the minimum is ...View the full answer
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Ali Khawaja
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Related Book For 
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders, Marcia Cornett
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