Which Statement Is True

question 155

Multiple Choice

Which statement is true?

• A)OPEC produces and exports over 90 percent of the world's oil.
• B)Saudi Arabia is the most important member of OPEC.
• C)OPEC has no influence over the price of oil.
• D)The U.S.imports only a tiny fraction of the oil it uses.

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Definitions:

Bargain Purchases

Acquisitions made at a price significantly below the fair market value of the asset, resulting in an immediate gain for the purchaser.

Dividend Capture

A strategy in which an investor purchases securities to own them on the day of record and then quickly sells them; designed to attain dividends but avoid the risk of a lengthy hold.

Securities

Securities that signify ownership in a corporation listed on the stock market, a debt obligation with a government entity or company (bond), or entitlements to ownership through an option.

Day of Record

The date set by a company on which the investors must be on the company's books in order to receive a dividend.