The First Time the DJIA Fell by More Than 100

question 93

Multiple Choice

The first time the DJIA fell by more than 100 points on a single day was:

• A) October 29, 1929.
• B) October 16, 1987.
• C) October 19, 1987.
• D) October 20, 1987.
• E) December 16, 1990.

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Definitions:

Net Income

The final financial gain of a business once taxes and all expenses are subtracted from the overall income.

Cash Dividend

A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders in the form of cash.

Retained Earnings

The portion of a company's profits kept in the business after dividends are paid, used for investment or debt repayment.

Financing Activities

Activities reported in the statement of cash flows that illustrate changes in the size and composition of the equity and borrowings of a company.