Multiple Choice
At 1:00 p.m. on February 6, Phil purchased a security that represented a claim to the Nasdaq 100. At 3:00 p.m. the same day he sold the claim and realized a $2,000 gain. The security Phil purchased was a:
A) Spider.
B) S&P 500 index fund.
C) small-cap, growth index fund.
D) QQQ.
Correct Answer:
Verified
Correct Answer:
Verified
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