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Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
One common type of auction is [...] auction, also referred to as an English auction. Bidders can bid an amount greater than the previous high bid, and the bidder that first offers the highest bid of the auction wins the item and pays the amount bid
Answer
an ascending price

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
One common type of auction is [...] auction, also referred to as an English auction. Bidders can bid an amount greater than the previous high bid, and the bidder that first offers the highest bid of the auction wins the item and pays the amount bid
Answer
?

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
One common type of auction is [...] auction, also referred to as an English auction. Bidders can bid an amount greater than the previous high bid, and the bidder that first offers the highest bid of the auction wins the item and pays the amount bid
Answer
an ascending price
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One common type of auction is an ascending price auction, also referred to as an English auction. Bidders can bid an amount greater than the previous high bid, and the bidder that first offers the highest bid of th

Original toplevel document (pdf)

owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p18

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statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

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