When Banks Involved in Trading Activities Attempt to Outguess Markets,they

question 62

Multiple Choice

When banks involved in trading activities attempt to outguess markets,they are

• A)forecasting.
• B)diversifying.
• C)speculating.
• D)engaging in riskless arbitrage.

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Definitions:

Fiduciary Duty

A legal obligation of one party to act in the best interest of another. The obligated party is typically a fiduciary, that is, someone entrusted with the care of property or money.

Misappropriated

Improperly or unlawfully used or taken, especially concerning money or assets entrusted to someone's care.

Section 11

Typically refers to a specific part of a legal document or statute which needs to be identified in context for accurate definition.

1933 Act

Also known as the Securities Act of 1933, this U.S. law was enacted to protect investors by requiring transparency in financial statements so investors can make informed decisions about investments.