The "Flash Crash" on the NYSE in May 2010 Was

question 64

True/False

The "flash crash" on the NYSE in May 2010 was directly attributable to the manipulation of LIBOR by Barclays PLC.

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Definitions:

Emulsification

The process of breaking up and evenly dispersing fat or oil in a liquid to form a stable mixture, such as in making mayonnaise or vinaigrettes.

Peristalsis

The series of wave-like muscle contractions that moves food through the digestive tract.

Hydrolysis

Hydrolysis is a chemical reaction in which water is used to break down the bonds of a compound, often splitting molecules into two or more smaller substances.

Alkaline Mucus

A type of mucus that has a higher pH and helps protect mucosal linings from acidic conditions.