Identify Any Fallacies in the Following Passage Either by Naming

question 178

Short Answer

Identify any fallacies in the following passage either by naming them or, where they seem not to conform to any of the patterns described in the text, by giving a brief explanation of why the fallacious reasoning is irrelevant to the point at issue.
"There's no reason to investigate something that never happened."
-Bush administration spokesman Marlin Fitzwater, when asked what he thought about an investigation of charges that the 1980 Reagan campaign made a deal with Iran to delay release of American hostages until after that year's presidential election.

Recognize the concept of marking-to-market and its implications for futures contracts.

Understand the principles of interest rate volatility and its impact on financial instruments.

Comprehend the role and nature of swap contracts in the financial markets.

Identify the functions and characteristics of various financial exchanges.

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Definitions:

Intelligence

The capacity to acquire, comprehend, and utilize information, resolve issues, and adjust to novel scenarios.

Aptitude

A natural ability to excel in a certain activity or field, often assessed through tests for educational and occupational placement.

Assessment

The set of procedures for gathering information about an individual’s psychological state, sometimes leading to a diagnosis.

Sternberg

Robert Sternberg, a psychologist known for his work on intelligence, creativity, wisdom, thinking styles, and love.