Question on: JAMB Commerce - 2024
A dealer who buys securities at low prices in anticipation of reselling them at higher prices is called a
A
jobber
B
bull
C
broker
D
bear
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Correct Option: B
A "bull" is a term used in financial markets to describe an investor who expects the price of an asset (like securities) to increase. They buy assets, anticipating that they can sell them later at a higher price for a profit.
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