Which of the Following Statements Is Correct for the Current

question 29

Multiple Choice

Which of the following statements is correct for the current system of bidding for government bond tenders?

• A) Bids must be in terms of price.
• B) Bids are accepted in terms that correspond to the highest price.
• C) The minimum bid must be for a face value of $500 000.
• D) The maximum limit for a total amount is $100 million.