In What Year Was Interpol Founded

question 16

Multiple Choice

In what year was Interpol founded?

• A)1923
• B)1938
• C)1941
• D)1945

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Definitions:

Oral Auctions

A public bidding event where bids are made through spoken communication.

Winner's Curse

A phenomenon that occurs in common value auctions, where the winner tends to overpay due to overly optimistic estimation of the asset's value.

Optimistic Estimate

A projection or forecast that assumes the most favorable conditions and outcomes.

Bid Shading

The strategy of making a bid lower than what a bidder is actually willing to pay, typically to save money in auctions or competitive tender processes.