Daily Reporting of the Dow Jones Industrial Average Serves to

question 97

Multiple Choice

Daily reporting of the Dow Jones Industrial Average serves to

• A) show the direction of the market over time.
• B) distort short-term fluctuations for the financial community.
• C) identify the beginning of a recession in the economy.
• D) disclose the average price of a share of stock on the major exchanges.

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Definitions:

Treasury Bond

Debt obligation of the federal government with original maturity between 10 and 30 years.

Liquidate

To convert assets into cash or cash equivalents by selling them on the market.

Spot Price

The current market price at which a particular asset, such as a commodity, currency, or security, can be bought or sold for immediate delivery.

Silver Spot Price

The current market price at which silver can be bought or sold for immediate delivery.