An Investment Adviser Has a Duty to Make _____ Based

question 1

Multiple Choice

An investment adviser has a duty to make _____ based on a _____ inquiry into a client's investment objectives,financial situation and other factors.

• A)Manage assets / reasonable.
• B)Manage assets / suitable.
• C)Recommendations / reasonable.
• D)Recommendations / suitable.

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Definitions:

Surplus

The amount by which the quantity supplied of a product exceeds the quantity demanded at a specific price.

Excess Demand

A situation in a market where the quantity demanded of a good or service exceeds the quantity supplied at the current price.

Market Supply Curve

A graphical representation showing the relationship between the price of a good and the total output produced by all firms in the market.

Input Prices

The costs associated with the materials, labor, and overhead that go into producing goods or services.