Which of the Following Occurs When a Fraudulent Buyer Submits

question 12

Multiple Choice

Which of the following occurs when a fraudulent buyer submits high bids to discourage other bidders,and then retracts the bids so people they know can get the item at a lower price?

• A)Shill bidding
• B)Bid shielding
• C)Bid siphoning
• D)None of the above

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Definitions:

Investment Bankers

Professionals who work in financial institutions, facilitating mergers, acquisitions, and the issuance of securities.

Financial Institutions

Organizations that provide financial services, such as banks, insurance companies, and investment firms.

Primary Market

The segment of the capital market where new securities are issued and sold for the first time.

CDS Contracts

Credit Default Swap (CDS) contracts are financial derivatives that allow an investor to swap or offset their credit risk with that of another investor.