Multiple choice general knowledge

What do you call the style of selling where the bid price goes down progressively until the deal is closed?

  1. Bid

  2. Vickrey auction

  3. Dutch Auction

  4. Absolute Auction
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A Dutch auction is a type of auction where the price starts high and progressively decreases until a bidder accepts the current price. It's commonly used for selling multiple identical items like Treasury bills. The name comes from its historical use in the Dutch flower markets.

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