The US Treasury Switched from a Discriminating Price Auction to a a Single

question 11

True/False

The U.S. Treasury switched from a discriminating price auction to a single price auction because the latter lowered the average price paid by investors.

---

Definitions:

Asians

People originating from or associated with the continent of Asia, often used in contexts related to demographics, culture, or identity.

Indian Casinos

Gambling facilities owned and operated by Native American tribes under the regulatory framework of the Indian Gaming Regulatory Act in the United States.

Gambling

The act of wagering money or valuables on the outcome of a game, contest, or other event with an uncertain result, with the primary intent of winning additional money or material goods.

Bankrupt

Describes a legal status for individuals or entities that cannot repay the debts they owe to creditors, often leading to legal proceedings for debt relief.