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20 July, 12:05

When you buy stock, you buy shares of stock.

True

False

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Answers (2)
  1. 20 July, 13:31
    0
    Yes, the answer is True
  2. 20 July, 13:50
    0
    The given statement is True

    Explanation:

    We must first understand the "difference between stocks and share" to answer this question.

    Stocks are all the overall ownership that a person possess. It might be from one company or multiple companies.

    Shares are the ownership of the particular company. The person is responsible for his/her own share. Eg. You goto a dinner along with your friend and the bill is $100 then you must pay half ($50). That's called a share.

    So "when you buy a new stock", indirectly it means that you buy a share of a single or multiple companies.
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