Question: (B) is not the correct answer. The Treasury bill auction: issues T-bills in minimum denominations of $1,000 issues T-bills where interest is paid semi-annually uses

(B) is not the correct answer.

The Treasury bill auction: issues T-bills in minimum denominations of $1,000 issues T-bills where interest is paid semi-annually uses competitive bidding only issues T-bills which can only be purchased in $1,000,000 lots

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