In Order to Be Entitled to Trade on the Floor

question 11

Multiple Choice

In order to be entitled to trade on the floor of the NYSE, members must:

• A)be registered as a floor trader.
• B)own a seat.
• C)purchase a trading license.
• D)be a specialist.
• E)be designated as a floor broker.

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Definitions:

Sensory Adaptation

The method through which sensory receptors adapt their responsiveness to a stimulus over a period, frequently leading to reduced sensitivity towards a steady stimulus.

Subliminal Stimuli

Signals below the threshold of conscious perception designed to influence thoughts, feelings, or actions.

Top-down Processing

A cognitive process that starts with the analysis of high-level information before proceeding to more detailed data.

Weber's Law

A principle in psychology stating that the just-noticeable difference in a stimulus is proportional to the magnitude of the initial stimulus.