Which of the Following Statements Is Correct

question 52

Multiple Choice

Which of the following statements is correct?

• A)The money market is a dealer market linked by efficient communications systems.
• B)Money market transactions are seldom over $1 million.
• C)Market transactions in money market securities include more primary market trades than secondary market trades.
• D)Most money market transactions involve retail investors.

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Definitions:

Constructive Trust

A legal remedy imposed by a court to address unjust enrichment or fraud, requiring the person holding the assets to transfer them to the intended party.

Lakeside Property

Real estate located adjacent to or near a lake, often highly valued for its view, recreational opportunities, and environmental quality.

Possession

The actual holding or control of something, such as property or goods, often implying ownership or a right to control.

Apparent Agency

A legal concept where a principal is liable for the acts of an agent who appears to be acting under their authority, even if the agent isn't.