More Detailed Financial Instruments Tend to Be

question 80

Multiple Choice

More detailed financial instruments tend to be:

• A) less costly because all possible contingencies are covered.
• B) more costly because it will cost more to create.
• C) more desirable than less detailed ones, no matter what the price.
• D) less costly because they can be standardized more easily.

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Definitions:

Relative Status

The ranking or position of an individual in relation to others in a social hierarchy or group based on various factors such as wealth, power, or prestige.

Informally

In a casual or unofficial manner, outside the contexts of formal or structured settings.

Attitude-Behavior Correspondence

The degree to which an individual's attitude is reflected in their behavior.

Judgment

The ability to make considered decisions or come to sensible conclusions based on a critical assessment of facts and information.