A Family Has an Annual Income of $47,840

question 287

Multiple Choice

A family has an annual income of $47,840. Assume that a work week is 40 hours. How much is their hourly income?

• A) $20
• B) $30
• C) $23
• D) $25
• E) none of these

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Definitions:

Margin Call

A requirement from a broker for an investor to add more cash or securities to their account to mitigate potential losses.

Short 100 Shares

The action of borrowing 100 shares of a stock to sell them with the expectation of buying them back later at a lower price.

Margin Call

A request from a broker to an investor to add more funds or securities to compensate for potential losses.

Short 100 Shares

The act of selling 100 shares of stock not currently owned, with the expectation that the stock can be bought back at a lower price in the future for profit.