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"Buy Low and Sell High Is Advice Given to People

question 33

Essay

"Buy low and sell high is advice given to people who want to make a profit by buying and selling shares of stock.Arbitrage is defined as buying a product in one market at a low price and reselling it in another market at a high price.Therefore, when stock brokers buy and sell stocks to earn a profit they are engaging in arbitrage." Evaluate this statement; state whether it is true or false and explain your answer.


Definitions:

TANF

Stands for Temporary Assistance for Needy Families, a federal assistance program designed to help families in need achieve self-sufficiency.

Subsidized Health Insurance

Subsidized health insurance is a health policy for which a government or organization bears a portion of the cost, making it more affordable for the insured.

Medicare

A federal program providing health insurance to people over 65 and certain younger people with disabilities.

Aged

Refers to the later stages of life, often implying a change in societal roles, physical ability, and social perceptions.

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