If your competitive bid for a Treasury bill is successful, then you will
A. certainly pay less than if you had submitted a noncompetitive bid.
B. probably pay more than if you had submitted a noncompetitive bid.
C. pay the average of prices offered in other successful competitive bids.
D. pay the same as other successful competitive bidders.
Answer:B
If your competitive bid for a Treasury bill is successful, then you will
A. certainly pay less than if you had submitted a noncompetitive bid.
 B. probably pay more than if you had submitted a noncompetitive bid.
 C. pay the average of prices offered in other successful competitive bids.
 D. pay the same as other successful competitive bidders.
