When do you buy CIF and when do you buy FOB?

July 8, 2024 No Comments

A: The abbreviation CIF stands for “cost, insurance and freight,” and FOB means “free on board.” These are terms are used in international trade in relation to shipping, where goods have to be delivered from one destination to another through maritime shipping. The terms are

When is it better to use systematic over simple random sampling?

July 8, 2024 No Comments

A: Under simple random sampling, a sample of items is chosen randomly from a population, and each item has an equal probability of being chosen. Simple random sampling uses a table of random numbers or an electronic random number generator to select items for its

When was the Dow Jones Industrial Average first calculated?

July 8, 2024 No Comments

A: Charles Henry Dow was born on a farm in Connecticut on November 6, 1851. Farming didn’t suit Charles Dow, however, so he left to make his mark in journalism. Despite having no formal training and little education, Dow was able to find a series

Where can you buy NetSpend reload packs?

July 8, 2024 No Comments

A: You can only purchase NetSpend reload packs at Giant Eagle, Albertsons, Roundy’s and Pathmark supermarkets. NetSpend cards are prepaid debit cards that offer a variety of features. Account holders can directly deposit or use a reload location to fund their accounts. The card allows

Where Did the Bull and Bear Market Get Their Names?

July 8, 2024 No Comments

A: The terms bear and bull are used to describe general actions and attitudes, or sentiment, either of an individual or the market. A bear market refers to a decline in prices, usually for a few months, in a single security or asset, group of securities or

What is the difference between variance and covariance?

July 8, 2024 No Comments

A: Variance and covariance are mathematical terms frequently used in statistics, and despite the similar-sounding names they actually have quite different meanings. A covariance refers to the measure of how two random variables will change together and is used to calculate the correlation between variables.

What is the downtick-uptick rule on the NYSE?

July 8, 2024 No Comments

A: To ensure orderly markets, the New York Stock Exchange (NYSE) has a set of restrictions that it can implement when experiencing significant daily moves, either up or down. Many of these restrictions are executed when the market experiences a significant downturn, although there is

What is the functional difference between GDP and GNP?

July 8, 2024 No Comments

A: Gross Domestic Product (GDP) and Gross National Product (GNP) both try to measure the market value of all goods and services produced for final sale in an economy. The difference is how each term interprets what constitutes the economy. GDP refers to and measures

What is the history behind the opening and closing bells on the NYSE?

July 8, 2024 No Comments

A: Similar to the school bells that most of us heard during our school days, the New York Stock Exchange’s (NYSE) opening and closing bells mark the beginning and end of each trading day. More specifically, the opening bell is rung at 9:30 a.m. to mark the

What is the history of corporations in America?

July 8, 2024 No Comments

A: The first American corporations were developed in the 1790s, almost instantly becoming key institutions in the economy. Though corporations existed outside the United States in the early 19th century, particularly in Great Britain and the Netherlands, no country took to corporate development like America.

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