Which of these statements is TRUE?
a) The dealers of stock are not allowed to make money on the difference between what they buy the stock for and what they sell it for.
b) A bear market is a prolonged rising market, one in which stock prices in general are increasing.
c) The ask price is the price at which a dealer is willing to sell, and the bid price is the price at which a dealer is willing to buy.
d) A bull market is a prolonged declining market, one in which stock prices in general are decreasing.
Answer: c) The ask price is the price at which a dealer is willing to sell, and the bid price is the price at which a dealer is willing to buy.
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The ____ is the amount that is budgeted to accomplish the work that was scheduled to be performed up to a certain point in time
a. total budgeted cost b. cumulative budgeted cost c. total cumulative fees d. contract cumulating amount
If $2,500 is invested today, the initial investment plus interest will be worth $5,000 in eight years. What is the annual interest rate on the investment?
a. 1.09% b. 5.00%. c. 9.05%. d. 10.00%. e. 20.90%