The Bank of Canada is offering Treasury bills with a par value of $25 billion for sale. They have received $4 billion of non-competitive bids. The competitive bids for a $10,000 par value bonds are: $$\begin{array} { c r r }
\text { Bidder } & \text { Price Bid } & \text { Quantity Bid } \
\text { A } & \$ 9,650 & \$ 2 \text { billion } \
\text { B } & \$ 9,600 & \$ 7 \text { billion } \
\text { C } & \$ 9,550 & \$ 10 \text { billion } \
\text { D } & \$ 9,500 & \$ 15 \text { billion }
\end{array}$$ How much money will the Bank of Canada rise from this offering?

Question

The Bank of Canada is offering Treasury bills with a par value of $25 billion for sale. They have received $4 billion of non-competitive bids. The competitive bids for a $10,000 par value bonds are: $$\begin{array} { c r r } 
\text { Bidder } & \text { Price Bid } & \text { Quantity Bid } \
\text { A } & \$ 9,650 & \$ 2 \text { billion } \
\text { B } & \$ 9,600 & \$ 7 \text { billion } \
\text { C } & \$ 9,550 & \$ 10 \text { billion } \
\text { D } & \$ 9,500 & \$ 15 \text { billion }
\end{array}$$ How much money will the Bank of Canada rise from this offering?

Quizplus · Accepted Answer

The Answer of The Bank of Canada is offering Treasury bills with a par value of $25 billion for sale. They have received $4 billion of non-competitive bids. The competitive bids for a $10,000 par value bonds are: $$\begin{array} { c r r } 
\text { Bidder } & \text { Price Bid } & \text { Quantity Bid } \
\text { A } & \$ 9,650 & \$ 2 \text { billion } \
\text { B } & \$ 9,600 & \$ 7 \text { billion } \
\text { C } & \$ 9,550 & \$ 10 \text { billion } \
\text { D } & \$ 9,500 & \$ 15 \text { billion }
\end{array}$$ How much money will the Bank of Canada rise from this offering?

The Bank of Canada Is Offering Treasury Bills with a Par