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In 1998 the T-bill auction process changed from a discriminating price auction to a single price auction but still include competitive and non-competitive bidders. In

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In 1998 the T-bill auction process changed from a discriminating price auction to a single price auction but still include competitive and non-competitive bidders. In current T-bill auctions it is the the price. bidders pay the same price. bidders that set Multiple Choice competitive, all competitive; non-competitive non-competitive, all O non-competitive; competitive o None of these choices are correct

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