The Equal Pay Act

question 17

Multiple Choice

The Equal Pay Act:

• A) does not allow variances in wages pursuant to a seniority system.
• B) generally requires that members of both sexes be paid equally for equal work.
• C) prohibits all variations in wage rates paid to men and women.
• D) makes payment variances a BFOQ.

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Definitions:

Fourth Market

Trading of securities directly between investors, bypassing traditional brokerage and exchange platforms.

OTC Markets

Over-the-counter markets refer to decentralized markets where trading occurs directly between two parties without the supervision of an exchange.

Institution-To-Institution Trading

The buying and selling of securities between institutional investors, like pension funds and mutual funds, rather than individual investors.

Brokers

Intermediaries that facilitate buying and selling of securities, commodities, or other financial instruments for a commission.