How Much Would It Cost to Purchase a Round Lot

question 58

Multiple Choice

How much would it cost to purchase a round lot (the smallest number you can get and still be a round lot) of Stock A at the closing price for the day?

• A) $ 790
• B) $ 1,950
• C) $ 2,960
• D) $19,500
• E) $29,600

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Definitions:

Colonialism

The practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.

Peripheral Countries

Nations that are less developed economically and are often exploited by more developed, core countries in the global economic system.

Modernization Theory

A view of globalization in which global development is a worldwide process affecting nearly all societies that have been touched by technological change.

Max Weber

A German sociologist, philosopher, and political economist known for his theory on the Protestant ethic and his ideas on bureaucracy.