The Brain's Tendency to Streamline Our Thinking Processes by Use

question 55

Multiple Choice

The brain's tendency to streamline our thinking processes by use of preexisting knowledge is referred to as ________.

• A)top-down processing
• B)bottom-up processing
• C)inductive reasoning
• D)taxonomic construction

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Definitions:

Forward Contracts

Non-standardized contracts between two parties to buy or sell an asset at a specified future time at a price agreed upon today.

Default Free

An investment that is considered to have no risk of failure to pay back principal or interest.

CGB Futures

Futures contracts based on Canadian Government Bonds, which allow investors to speculate on or hedge against future changes in the value of these bonds.

Quoted Price

The current price at which an asset or service can be bought or sold, often provided in financial markets or by vendors.