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The Type of Order That Instructs the Broker to Buy

question 271

Multiple Choice

The type of order that instructs the broker to buy or sell securities at the prevailing price is called a ____ order.

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Definitions:

Stimulus Discrimination

Stimulus Discrimination is the ability to differentiate between one stimulus and another, especially in the context of learning and behavior.

Spontaneous Recovery

The phenomenon where a learned behavior resurfaces after a period of non-exposure to the associated stimulus, demonstrating the persistence of memory over time.

Pavlov

Refers to Ivan Pavlov, a Russian physiologist known for his work in classical conditioning, particularly using bells to induce salivation in dogs.

Spontaneous Recovery

Describes the sudden reappearance of a previously extinguished response after a period of no exposure to the conditioned stimulus.

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