Which of the Following Statements Is TRUE

question 44

Multiple Choice

Which of the following statements is TRUE?

• A)The dealers of stock are not allowed to make money on the difference between what they buy the stock for and what they sell it for.
• B)A bear market is a prolonged rising market,one in which stock prices in general are increasing.
• C)The ask price is the price at which a dealer is willing to sell,and the bid price is the price at which a dealer is willing to buy.
• D)A bull market is a prolonged declining market,one in which stock prices in general are decreasing.

---

Definitions:

Farm Products

Items derived from farming activities, including crops, livestock, and products directly obtained from livestock or crops (e.g., milk, eggs, wool).

Consumer Goods

Products and commodities that are bought and used by individuals or households for personal use.

Chapter 7

A provision of the U.S. Bankruptcy Code that deals with liquidation, where a debtor's non-exempt assets are sold to pay creditors.

Liquidation

The process of closing a business and distributing its assets to claimants, often during bankruptcy.