If a Stock Was Purchased in January 2009 for $1,000

question 46

Multiple Choice

If a stock was purchased in January 2009 for $1,000 and sold in December 2010 for $3,000,a ________ of $2,000 results.

• A)long-term capital gain
• B)short-term capital gain
• C)long-term capital loss
• D)short-term capital loss

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Definitions:

Mental Health Hotline

A confidential, usually toll-free phone service offering emotional support, advice, and referrals to individuals facing mental health challenges.

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Social connections that are not closely bonded or emotionally involved but can provide valuable information and opportunities not available in one's immediate social circle.

Job Advancement

The process or opportunity for a worker to move to a higher position or rank within their employment context.

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Deep, close connections between individuals, characterized by high levels of trust, frequent interaction, and emotional support.