When There Is No Specific Trading Intention, What Should an Investment

question 28

Multiple Choice

When there is no specific trading intention, what should an investment be classified as?

• A)Held to maturity.
• B)Available for sale.
• C)Loans and receivables.
• D)Associate.

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Definitions:

Coefficient

A coefficient is a numerical or constant quantity placed before and multiplying the variable in an algebraic expression (e.g., 4 in 4x).

Binomial

A polynomial with exactly two terms.

\(x^6\)

A mathematical expression representing a variable, x, raised to the power of 6.

\(y^8\)

Represents y raised to the power of eight, a mathematical expression indicating repeated multiplication of y by itself 7 more times.