Centralized Exchanges

question 23

Multiple Choice

Centralized exchanges:

• A)are electronic systems that bring buyers and sellers together for electronic execution.
• B)are markets where claims based on an underlying asset are traded for payment at a later date.
• C)are markets where financial claims are bought and sold for immediate cash payment.
• D)are secondary markets where buyers and sellers meet in the same location.

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Definitions:

M'Naghten Test

A legal standard used to determine whether a defendant was insane at the time of committing a crime, focusing on their ability to understand the nature of the act or distinguish right from wrong.

Substantial Capacity Test

is a legal standard used to determine if an individual has the mental capacity to understand the wrongfulness of their actions for the purpose of establishing criminal responsibility.

Involuntary Act

An action performed by an individual without conscious control, often considered in legal contexts concerning liability.

Arraigned

The legal procedure of formally charging an individual in court and asking for their plea to the charges.