A ____ is the amount by which one bid must exceed the previous bid.
A)minimum bid increment
B)deposit bid
C)reserve bid
D)maximum bid increment

Name: A ____ is the amount by which one bid must exceed the previous bid. A)minimum bid increment B)deposit bid C)reserve bid D)maximum bid increment
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Question

Quizplus · Accepted Answer

The minimum bid increment is the amount by which one bid must exceed the previous bid. The other options are not related to this definition.

A ____ Is the Amount by Which One Bid Must