Examlex
If the Bank of Canada wants to temporarily drain reserves from the banking system, it will engage in ________.
Auctions
A sales event where goods or services are sold to the highest bidder in a competitive process.
Bid-rigging
A form of fraud where competing parties conspire to determine the winner of a bidding process, undermining fairness.
Vickery Auctions
An auction format where the highest bidder wins but pays the second-highest bid, encouraging true value bidding.
Sealed-bid Auctions
A bidding process where all bidders submit their bids confidentially, with the highest bid usually winning the item or contract.
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