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QWhat is the term for a market condition characterized by a significant and sustained decline in stock prices?

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  • A Bull market ✔ ✖
  • B Bear market ✔ ✖
  • C Volatile market ✔ ✖
  • D Bullish market ✔ ✖
Correct Answer: Option B

Explanation

A bear market is a market condition characterized by a significant and sustained decline in stock prices, typically by 20% or more from recent highs. It is associated with pessimism, investor selling, and a downward trend in the overall market. Bear markets are often accompanied by economic recession or downturns.

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