The ratio of the total amount of bids received by the Treasury over the actual amount of securities to be sold is known as the:
A) Open interest
B) Long position
C) Cover
D) Discount yield
E) None of the above

Question

Quizplus · Accepted Answer

The cover ratio is a measure used in auctions of government securities, indicating the level of demand by comparing the total amount of bids received to the amount of securities being sold.

The Ratio of the Total Amount of Bids Received by the Treasury