Absolute auction is the process the U.S. Treasury uses to determine the discount rate when new Treasury bills are issued.

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Quizplus · Accepted Answer

Absolute auction refers to an auction where the item is sold to the highest bidder regardless of the price, without any reserve price. The U.S. Treasury uses competitive and non-competitive bidding to determine the discount rate for new Treasury bills, not an absolute auction process.

Absolute Auction Is the Process the U