Stocks are units of ownership in a company. The stock market is a place where stocks are bought and sold. When you buy a stock, you own a part of the company. If the company’s profits go up, the stock value goes up. If the profits fall, so does the value of the stock. Stock prices rise and fall every day.

Question

Last week, Isabelle bought stock in a toy company. Since then, the price of the stock had a change of -3 dollars. What is the absolute value of -3?

Answer 1

The absolute value of a number is its distance from zero on the number line, regardless of direction. Therefore, the absolute value of -3 is 3.