An Expressed Agency Is the Most Common Type of Agency

question 64

True/False

An expressed agency is the most common type of agency but it does not give the agent the authority to contract on behalf of the principal.

---

Definitions:

Equity Mutual Fund

A type of mutual fund that invests principally in stocks, aiming to provide returns through dividends and capital gains.

Small Investor

An individual who invests limited amounts of money in the stock market or other investment vehicles.

Stock Holdings

The shares owned by an individual or corporation, including stocks in companies or corporations as part of an investment portfolio.

Random Walk Theory

A financial theory suggesting that stock prices change randomly and are not influenced by past movements, making it impossible to predict future market directions consistently.