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Alik [6]
3 years ago
13

An investor who has a margin account with his brokerage firm buys 100 shares of Quick Flip Inc. Later that day, the investor sel

ls 100 shares of Quick Flip Inc. Without other holdings in Quick Flip Inc, would this sequence of transactions be considered a day trade?
Business
1 answer:
Hoochie [10]3 years ago
6 0

Answer:

Yes  this sequence of transaction is considered as a day trade.

Explanation:

As per the definition of the day trading, <em>Day trading is defined as the purchase and sale of a security within a single trading day. It can occur in any marketplace but is most common in the foreign exchange (forex) and stock markets.</em>

As per this definition, the trading has to be done such that the purchase and sale is made on the same day. As indicated in the question ,this is the case so the given sequence of transactions is a day trade.

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Under a system of floating exchange rates, changes in the value of the U.S. dollar relative to other currencies are the result o
topjm [15]

Answer:

d. changes in the supply of and/or demand for dollars in the global currency market.

Explanation:

Floating exchange rate can be defined as a system in the  macro economics or in economic policy where mechanism of the currency price of any country or nation can be determined by the forex market which is based on the supply and the demands relative to some other country's currencies.

In result of the foreign exchange values, the currency value of one country fluctuates.

Thus in the context, the value of dollar of United States changes depending on the changes or exchanges of dollar in the global market of currency.

8 0
3 years ago
The classical economists felt that saving would be equal to investment because
lozanna [386]
<span>Classical economists felt this way because of the idea of 'interest rate flexibility'. This means that the classical economists believed in the idea that the economy would even itself out, or that the economy was 'self-regulating'. This lends itself to the idea that saving would be equal to investment because it does not take into consideration any shift in the economy.</span>
6 0
4 years ago
How many economic impact payments were there in 2021.
olga2289 [7]

Answer:

three Economic Impact Payments

Explanation:

Recovery rebate credits (Economic Impact Payments) for 2020 and 2021. To provide financial relief during a pandemic, many Americans received three Economic Impact Payments (EIP) in 2020 and 2021. The third payment, which began rolling out in March 2021, served as an advance payment of the 2021 Recovery Rebate Credit.

6 0
3 years ago
Read 2 more answers
An increase in accounts receivable will result in a(n) ______ in cash from sales revenue when using the direct method to determi
guajiro [1.7K]

When using the direct method for cash flows, one will notice that an increase in accounts receivable would result in a <u>DECREASE </u>in cash.

When an accounts receivable increases:

  • It means that more debt has been incurred by debtors
  • It means that less money entered into the company as people took goods but did not pay cash for them

Because the people did not pay cash for the goods yet took the goods, the company will see a reduction in its cash balance as the cash value of the goods left the company and there was no cash inflow from that activity.

In conclusion, an increase in accounts receivable leads to a decrease in cash.

<em>Find out more at brainly.com/question/25491863. </em>

8 0
3 years ago
In tort law, what is proximate cause?
zloy xaker [14]

Answer:

B

Explanation:

Proximate cause means “legal cause,” or one that the law recognizes as the primary cause of the injury. ... In other words, the plaintiff will have to show that the injuries were the natural and direct consequence of the proximate cause, without which the injuries would not have occurred.

6 0
3 years ago
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