Which One of the Following Describes an ECN

question 70

Multiple Choice

Which one of the following describes an ECN?

• A)website used by investors to trade directly with other investors
• B)website limited to use by professional brokers and dealers
• C)computerized trading floor
• D)communications network used by specialists
• E)cellular trading network

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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.