Choose the Word or Phrase in [ ] Which Will

question 119

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-[Money market deposit accounts | Asset management accounts] are protected by the Securities Investor Protection Corporation.

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Definitions:

Enters into Contract

The act of agreeing to the terms and conditions of a contract, thereby creating a legally binding agreement between two or more parties.

Clear Instructions

Explicit and unambiguous directions provided to carry out a task or procedure efficiently and effectively.

Agency by Operation of Law

A legal principle that creates an agency relationship under certain conditions, despite the lack of any agreement between the parties, for reasons of fairness or necessity.

Settlement Agreement

A legally binding contract that resolves a dispute between parties outside of court, usually involving some form of compensation.