The Difference Between the Bid and the Ask Price Is

question 42

Multiple Choice

The difference between the bid and the ask price is known as the:

• A) commission.
• B) premium.
• C) quote.
• D) spread.

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Definitions:

Automatic Processes

Mental activities that occur without conscious awareness or control, often as a result of learning and repetition.

Self-serving Bias

The common tendency to attribute successes to personal characteristics and failures to external factors.

Situational Factors

External influences or conditions that affect decision-making, behavior, or performance in varying scenarios.

External-unstable Factor

refers to outside influences that can affect behavior or outcomes but are inconsistent and unpredictable, such as luck or chance.