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Noncompetitive Proposals Are Compared with One Another,and Only One or a Few

question 7

True/False

Noncompetitive proposals are compared with one another,and only one or a few are selected to receive the limited resources available.


Definitions:

Certificate Of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate that is issued by a bank.

Note

A promise by the maker of the note to pay the payee of the note.

Bank

A financial institution licensed to receive deposits, offer loans, and provide various financial services to individuals and businesses.

Negotiable Instruments

Financial documents that guarantee the payment of a specified sum of money, either on-demand or at a set time.

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