Directions: In the question below is given one/more statements followed by two assumptions numbered I and II. Consider the statement and decide which of the given assumptions is implicit.
Statement: People who invest in the stock market generally buy when the share prices of a given stock are at a low.
Assumption:
I. They lack funds and wait for the prices to drop.
II. To buy at a low price and sell at a high price is the strategy that people in the stock market adopt.
1
Only assumption I is implicit.
2
Only assumption II is implict.
3
Both assumptions I and II are implicit.
4
Neither assumption I or II is implicit.