Of the Following Statements About a Day Trader, Which Is

question 13

Multiple Choice

Of the following statements about a day trader, which is not correct?

• A) They have a short-term focus.
• B) They may buy and sell on the same day.
• C) They are more risk averse than most investors.
• D) Day trading may be their career.

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Definitions:

National Government Supremacy

The principle that the federal or national government has predominant power and authority over regional or state governments, especially in legislative matters.

Commerce Among States

The regulation of trade and business across state lines, often governed by federal law in contexts such as the United States.

Gibbons v. Ogden

A landmark Supreme Court case in 1824 that clarified the scope of the U.S. Congress's legislative power over interstate commerce.

Judicial Review

The power of courts to assess whether a law, policy, or executive action is in conflict with the Constitution.