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.
Answer: C
Explanation: C) Dealers make money on the difference between what they buy stock for and what they sell it for, much as a car dealer makes money by buying a used car at one price and then selling it later at a higher or marked-up price. A bull market is a prolonged rising market, one in which stock prices in general are increasing. A bear market is a prolonged declining market, one in which stock prices in general are decreasing.
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