____ bids for Treasury bonds specify a price that the bidder is willing to pay and a dollar amount of securities to be purchased.

Question

____ bids for Treasury bonds specify a price that the bidder is willing to pay and a dollar amount of securities to be purchased. ​

Quizplus · Accepted Answer

Competitive bids for Treasury bonds require the bidder to specify both the price they are willing to pay and the dollar amount of securities they wish to purchase. This contrasts with noncompetitive bids, where the bidder agrees to accept the yield determined at auction.

____ Bids for Treasury Bonds Specify a Price That the Bidder