What Two Initiatives Made Major Changes to the 2012 California

question 16

Multiple Choice

What two initiatives made major changes to the 2012 California elections?

• A) Propositions 13 and 15
• B) Propositions 7 and 19
• C) Propositions 11 and 20
• D) Propositions 141 and 198

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Definitions:

Bid-Asked Spread

The difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask) for an asset.

Broker's Commissions

Fees or payments made to a broker for executing a transaction or providing specialized services.

Price Concession

A reduction in the price of a good or service, often to facilitate a sale or agreement.

Limit-Sell Order

An order to sell a security at a specified price or better.