Similar to Treasury bill auctions (discussed in Chapter 5), this single-price auction process went into effect in
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Similar to Treasury bill auctions (discussed in Chapter 5), this single-price auction process went into effect in 1998. Prior to this, the Treasury used a discriminatory auction process. LO.1
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Related Book For 
Financial Markets And Institutions
ISBN: 9781259919718
7th Edition
Authors: Anthony Saunders, Marcia Cornett
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