At 1:00 PM

question 55

Multiple Choice

At 1:00 p.m. on February 6, Phil purchased a security that represented a claim to the Nasdaq 100. At 3:00 p.m. the same day he sold the claim and realized a $2,000 gain. The security Phil purchased was a:

• A) Spider.
• B) S&P 500 index fund.
• C) small-cap, growth index fund.
• D) QQQ.

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Definitions:

Centralized Database

A database located, stored, and maintained in a single location, accessible by users from different locations through a network.

Journalistic Approach

Verifying the completeness of a message by making sure it answers the who, what, when, where, why, and how questions.

Thoroughness

The extent to which a task or activity is carried out with attention to detail and completeness.

Evaluating Information

The process of critically assessing the relevance, reliability, and quality of information sources.