Which of the Following Is a Self-Regulatory Organization Involved in the Day-To-Day

question 56

Multiple Choice

Which of the following is a self-regulatory organization involved in the day-to-day regulation of trading practices?

• A)Securities and Exchange Commission.
• B)New York Stock Exchange.
• C)Securities Investor Protection Corporation.
• D)Chicago Board of Trade.
• E)All of the options.

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Definitions:

Principal Debtor

A principal debtor is an individual or entity primarily responsible for fulfilling the obligations of a debt or loan.

Surety

A person, such as a cosigner on a note, who agrees to be primarily responsible for the debt of another.

Guarantor

A person who agrees to satisfy the debt of another (the debtor) only after the principal debtor defaults. A guarantor’s liability is thus secondary.

Short Sale

A sale of real property for an amount that is less than the balance owed on the mortgage loan, usually due to financial hardship.