Personal Filtering of What We See and Hear So as to Suit

question 121

Short Answer

Personal filtering of what we see and hear so as to suit our own needs is _____________ _______________.

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Definitions:

Fair Value

The price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Active Market

A market in which assets or securities are frequently traded, providing reliable price information and liquidity.