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In a Treasury auction of $2 billion par value-91-day T-bills, the following competitive bids were submitted: Assume there are $800 million non-competitive bids. Who will

image text in transcribed In a Treasury auction of $2 billion par value-91-day T-bills, the following competitive bids were submitted: Assume there are $800 million non-competitive bids. Who will receive T-bills? a. (1), (2), (3), (4) and (5) b. (1) and (5) only C. (1) and (2) only d. (1) and (3) only

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