Which of the Following Statements Is NOT Correct? in the Bidding

question 4

Multiple Choice

Which of the following statements is NOT correct? In the bidding process in a Treasury notes auction,

• A)the minimum bid is $1,000,000.
• B)the bidder specifies the quantity of notes desired.
• C)the bidder specifies the yield he/she is willing to get.
• D)only registered bidders can participate in the auction.

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