1.Bank of America, with independent subsidiaries in investment banking as well as commercial banking, is an example of a.financial conglomerate

b.non-depository institution

c.all of the choices listed

d.secondary market

2.If a stock was purchased in January 2020 for $1,000 and sold in March 2020 for $3,000, a ________ of $2,000 results.

a.long-term capital loss

b.short-term capital gain

c.long-term capital gain

d.short-term capital loss