Solve the Problem. -A Stockbroker Sold 5 Shares of Stock for $35.92 Each

question 518

Multiple Choice

Solve the problem.
-A stockbroker sold 5 shares of stock for $35.92 each. What was the total amount of the sale?

• A) $179.71
• B) $179.60
• C) $179.50
• D) $179.70

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Definitions:

International Trade

The exchange of goods and services between countries, which can involve the import and export of products, contributing to a country's economy.

Foreign Currency

Currency used in a country other than one's own, representing the medium of exchange in that foreign country.

Forward Market

A type of financial market where contracts for future delivery of goods, services, or financial instruments are traded.

Discount

A reduction from the usual cost of something, often used to encourage sales or provided as an incentive for early payment.