If the Closing Tick of the Day Is +32, This

question 82

Multiple Choice

If the closing tick of the day is +32, this means that the:

• A)DJIA ended the day up 32 basis points.
• B)discount rate at the end of the day was 3.20 percent.
• C)number of stocks closing on an uptick was 32.
• D)number of stocks closing on an uptick exceeded those closing on a downtick by 32.
• E)number of stocks closing on an uptick was 32 more than on the prior trading day.

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Definitions:

Revenue

The total amount of money earned by a business from its normal business operations, before any expenses are subtracted.

Credit Balance

An accounting situation where the sum of credits in an account exceeds the sum of debits, often seen in liability and revenue accounts.

Income Summary

An account used in the closing process that aggregates all revenues and expenses to determine the overall profit or loss.

Capital

The wealth, either financial or other assets, used by an individual or business to fund operations and facilitate growth.