Antiques,art,coins,stamps,jewelry,etc

question 79

Multiple Choice

Antiques,art,coins,stamps,jewelry,etc.,are not included in the investment portfolios of financial institutions because

• A) Prices vary substantially.
• B) Transaction costs are relatively high.
• C) They are illiquid.
• D) All of the above.
• E) None of the above.

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Definitions:

Sensorimotor

The first stage in Piaget's theory of cognitive development, where infants learn through interacting with the environment, from birth to about 2 years of age.

Concrete Operational

A stage in cognitive development, according to Piaget, where children gain the ability to think logically about concrete events.

Preoperational

A stage in Jean Piaget's theory of cognitive development during which children aged approximately 2 to 7 years old develop memory and imagination.

Formal Operational

A stage in Piaget's theory of cognitive development where individuals gain the ability to think abstractly, systematically, and logically.