An Agent Who Maintains an Inventory from Which He or She

question 25

Multiple Choice

An agent who maintains an inventory from which he or she buys and sells securities is called a:

• A) broker.
• B) trader.
• C) capitalist.
• D) principal.
• E) dealer.

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Definitions:

Inspected

Examination or review of a condition or situation, often for compliance or quality control.

Delivery

The act of transferring possession of a good or document from one party to another, fulfilling a contractual obligation.

Document of Title

A legal document that provides evidence of ownership of property or goods.

Negotiable Document

A written instrument that promises payment to the holder and is freely transferable.