In the Investments Area, an ECN Is

question 18

Multiple Choice

In the investments area, an ECN is:

• A) a system that matches and crosses members' security trades.
• B) a computerized system that relays orders to the specialist on the exchange.
• C) an index that tracks prices for equities, commodities and notes.
• D) a primary market that allows firms to directly issue securities to investors.

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Definitions:

Prepaid Rent

Payments made in advance for rent that is recorded as an asset on the balance sheet until it is expensed over time as it is used.

Rent Expense

The cost incurred for using a property or equipment that is not owned by the company, typically charged on a periodic basis.

Adjusting Entry

A journal entry made in the accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Supplies Used

The cost of materials and supplies consumed during an accounting period in the course of operations.