Which of These Is Not, According to Bayles, One of the Common

question 21

Multiple Choice

Which of these is not, according to Bayles, one of the common features present in most professions?

• A) college education
• B) autonomy in one's work
• C) organization of members
• D) certification or licensing

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Definitions:

Credit Risk

The risk of loss due to a borrower's inability to make payments on any type of debt.

Clearing Corporation

An entity that facilitates the settlement of transactions in the financial markets by ensuring the transfer of funds and securities.

Net Position

The difference between the total number of long and short positions that a trader or institution holds in a particular security, currency, or commodity.

Open Interest

The total number of outstanding derivative contracts, such as futures or options, that have not been settled.