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  1. Frank decides to invest in cryptocurrency. He pays $22000 for it. After one day, the cryptocurrency value has increased to $23000 and so Frank decides to sell it. But the next day he regrets his decision and he buys it again. Unfortunately, at a higher price and has to pay $24000 to get it back, so he loses $1000. The very next day, he sells the cryptocurrency for $25000.

    Did he make any overall profit? If yes, How much?

    2. View Answer

    View Answer

    Answer : $2000

    Explanation :


    Profit from 1st transaction = $1000 (23000-22000)
    Profit from 2nd transaction = $1000 (24000-24000)

    So the overall profit will be = $2000.

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