Which of the Following Terms Best Describes a Day Trader

question 101

Multiple Choice

Which of the following terms best describes a day trader?

• A)Speculator
• B)Long-term investor
• C)Money market maker
• D)Buy-and-hold mentality
• E)Illegal gambler

Understand the definition, roles, and responsibilities of an agent in the context of agency law.

Identify situations that constitute a breach of fiduciary duty by an agent.

Comprehend the implications of conflict of interest in agency relationships.

Distinguish between independent contractors and agents, and their respective roles and legal implications.

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Definitions:

Equality

A state or condition of being equal, especially in status, rights, and opportunities.

Total Surplus

The sum of consumer and producer surplus, representing the total benefit to society from a market transaction.

Equilibrium

The state in a market where supply equals demand, leading to a stable price for a given good or service.

Consumer Surplus

The difference in what consumers think to pay for a good or service and the actual amount they pay.