A 11 Byron is a wealthy tycoon who makes his money buying and selling stocks. This is an example of ___ income, a. capital gains b. carned c. hourly d. passive Please select the best answer from the choices provided

Byron's income from buying and selling stocks primarily stems from the appreciation of capital over time, which qualifies as capital gains. These refer to the profit made when an asset, such as stocks, is sold for more than its purchase price. So definitely, the answer is a. capital gains! Now, isn't it interesting how the stock market has evolved? It all started in the 17th century with the establishment of the Amsterdam Stock Exchange. Investors started trading shares of companies, laying the groundwork for the billion-dollar industry we see today!