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Use the Following Example for the Question

question 37

Multiple Choice

Use the following example for the question.A species of fish can withstand a narrow range of temperature.Above 100°F there are no individuals present.In the range from 97°F-100°F and 90°F-94°F there are a few individuals present.Below 90°F there are no individuals present.Between 95°F-96°F there are many individuals.
-What would you label the range of temperature from 90°F to 94°F for this particular species?


Definitions:

Inside Quotes

The highest bid and lowest ask prices among all market makers in a particular stock, representing the most competitive prices at which you can buy or sell.

Limit Order Book

A record of all the outstanding buy and sell orders for a particular security or financial instrument, organized by price level.

Bid and Ask Prices

The bid price is the highest price a buyer is willing to pay for a security, while the ask price is the lowest price a seller is willing to accept.

Bid-Ask Spread

The difference between the highest price that buyers are willing to pay for an asset and the lowest price that sellers are willing to accept.

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