A Contract or Agreement to Purchase a Specific Number and Kind

question 13

Multiple Choice

A contract or agreement to purchase a specific number and kind of shares of stock when it is issued is called a stock:

• A) guaranty.
• B) warranty.
• C) request.
• D) subscription.

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Definitions:

Prices

The price tag anticipated, mandatory, or surrendered in settlement for an item.

Drug Interdiction

The policy or practice of preventing illegal drugs from being trafficked and distributed.

Inelastic

Describes a situation where the demand or supply for a good or service is relatively unresponsive to changes in price, meaning that price variations have little effect on the quantity demanded or supplied.

Elastic Demand

A situation where the demand for a product is sensitive to price changes, with relatively large changes in demand for small changes in price.