A Type of Noncontinuous Exchange Trading System Is Crowd Trading

question 75

Multiple Choice

A type of noncontinuous exchange trading system is crowd trading.

• A)Unlike a call market in which there is a common price for all trades, several bilateral trades may take place at different prices in crowd trading.
• B)Unlike a continuous market in which there is a common price for all trades, several bilateral trades may take place at different prices.
• C)Unlike a call market in which several bilateral trades may take place at different prices there is a common price for all trades in a call market.
• D)None of the above

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Definitions:

System 2

A term often associated with dual-process theories of mind, representing the analytical, deliberate, and logical mode of thinking.

Framing Effects

Cognitive biases where people's decisions are influenced by the way information is presented, rather than just the information itself.

Anchoring

Anchoring is a psychological phenomenon wherein an individual relies too heavily on an initial piece of information, or 'anchor,' to make subsequent decisions.

Heuristics

Simple, efficient rules, either hard-coded by evolutionary processes or learned, which help in making decisions, forming judgments, or solving problems.