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Question 30 4 pts T-bill auctions are normally conducted every Thursday, with blds submitted by securities dealers which could be competitive or noncompetitive. Competitive bilds

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Question 30 4 pts T-bill auctions are normally conducted every Thursday, with blds submitted by securities dealers which could be competitive or noncompetitive. Competitive bilds specily the amount of par value of bills desired, while noncompetitive bids give preferential allocation to bidders who agree to pay the lowest price of the winning competitive bids. False Smil

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