Question

Which one of the following statements describes the practice of “speculation”? (1 pt)(1 point)
Responses

Selling stocks meant only for international companies.
Selling stocks meant only for international companies.

Buying stocks using borrowed money, in the hopes of making great profit.
Buying stocks using borrowed money, in the hopes of making great profit.

Selling stocks that were not backed by successful companies
Selling stocks that were not backed by successful companies

Buying stocks using borrowed money, then paying it back immediately.

Answer 1

The statement that describes the practice of “speculation” is:

**Buying stocks using borrowed money, in the hopes of making great profit.**