A Securities Dealer Is A(n)

question 2

Multiple Choice

A securities dealer is a(n) :

• A)intermediary who arranges trades between a buyer and a seller.
• B)trader who buys and sells from his or her inventory.
• C)firm which charges a commission for arranging a transaction.
• D)person who buys securities for his or her own account on an exchange floor.
• E)trader who transacts business on behalf of a securities issuer.

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Definitions:

Income Ratio

A financial metric comparing earnings to another element, such as sales or assets, to assess profitability or performance.

Partnership Agreement

A legal document that specifies the terms and conditions under which a partnership operates, including profit sharing and decision-making processes.

Capital Accounts

Accounts used to record the financial contributions, withdrawals, and the share of profit or loss of owners in a partnership or in their personal accounts.

Unlimited Life

A concept in accounting that assumes a company will continue to operate indefinitely, allowing for the deferral of certain expenses over a long period.