"Buy Low and Sell High Is Advice Given to People

question 33

Essay

"Buy low and sell high is advice given to people who want to make a profit by buying and selling shares of stock.Arbitrage is defined as buying a product in one market at a low price and reselling it in another market at a high price.Therefore, when stock brokers buy and sell stocks to earn a profit they are engaging in arbitrage." Evaluate this statement; state whether it is true or false and explain your answer.

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Definitions:

Data Types

Refers to the different kinds of values that can be stored and manipulated in a programming language, such as integers, booleans, and strings.

Single Array

A linear data structure consisting of a collection of elements (values or variables), each identified by a single index.

Instantiated

The process of creating a specific instance of a class in programming.

Default Values

The initial values assigned to variables or parameters if no specific values are provided.