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When issuing bonds, a central government can select from several distribution methods. a) What is the difference between a single-price auction and a multiple-price auction?

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When issuing bonds, a central government can select from several distribution methods. a) What is the difference between a single-price auction and a multiple-price auction? (2 marks) b) What is the difference between competitive bids and non-competitive bids? (2 marks)

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