Buying a Security with the Hope That It Will Go

question 34

True/False

Buying a security with the hope that it will go up in value is called buying long.

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Definitions:

Drawer

The party that writes and signs a check, directing a bank to pay the check's amount to the person or entity named as the payee.

Drawee

The party on whom a check or draft is drawn, and who is expected to pay the amount specified.

Approach-approach Conflict

A psychological dilemma that occurs when an individual must choose between two desirable options.

Valued Promotion

The process of advancing or enhancing the worth or merit of an idea, individual, or product often through marketing or recognition efforts.