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Define the in- order-driven according to trade intermediation.
In- order-driven markets:
In order-driven markets, buyers and sellers trade unswervingly without any intermediation. Many order-driven markets are auction markets. In trading rules formalise the procedure by that buyers seek the lowest accessible prices and sellers seek the highest accessible prices (i.e., price discovery procedure).
How do risk-averse investors compensate for risk when they take on investment projects? Due to the risk aversion, people demand higher rates of return for taking on higher-risk p
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aggressive policy
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