The Intrade Predictions Market Trades Contracts Ranging in Value from $0

question 202

Multiple Choice

The Intrade predictions market trades contracts ranging in value from $0 to $10 for a number of political, economic, and cultural events. A contract that pays $10 if Democrats win control of the United States Senate in the next election, currently trading at $6.26, means that the market predicts the probability of a democratically controlled Senate after the next election is:

• A) 6.26%.
• B) 62.6%.
• C) 0%.
• D) 10%.

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Definitions:

Videoconferencing Tool

A software or application that facilitates virtual meetings or conferences through the internet, allowing participants to see, hear, and interact with each other in real-time.

Teleconferencing Tool

A digital platform or software that enables individuals to conduct meetings or presentations through electronic means, often with video capabilities.

Written Communication

The process of conveying messages or information through letters, emails, reports, or other types of texts.

Memos

Short for memorandums, these are concise written messages typically used within an organization to communicate policies, procedures, or official business.