Sheila Extensively Buys and Sells Securities

question 77

Multiple Choice

Sheila extensively buys and sells securities. The IRS has determined upon examination that she is not in a trade or business concerning the securities' transactions and therefore, Shelia must be

• A)a broker.
• B)an active trader.
• C)an active investor.
• D)a securities' dealer.

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Definitions:

Ambivalent Attachment

The attachment style for infants who are unwilling to explore an unfamiliar environment but seem to have mixed feelings about the caregiver—they cry when the caregiver leaves the room, but they cannot be consoled by the caregiver upon the caregiver’s return.

Secure

Feeling of being safe, stable, and free from fear or anxiety.

Anxious

Experiencing worry, unease, or nervousness, typically about an imminent event or something with an uncertain outcome.

Assimilation

The cognitive process of integrating new information into existing cognitive schemas, perceptions, and understanding.