Which of the Following Entities Is Exempt from the Requirements

question 302

Multiple Choice

Which of the following entities is exempt from the requirements of the Government Securities Act?

• A) A bank that operates a securities underwriting department to provide underwriting services to issuers of government securities
• B) A national bank that purchases and sells government securities only in its fiduciary capacity on behalf of clients in its trust department
• C) A bank that operates a financial advisory service that provides advice to clients on the purchase and sale of government securities
• D) A bank that operates an investment department to provide investment advice and purchase and sell all types of securities (including government securities) for clients

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Definitions:

Culture

The shared values, beliefs, norms, and practices that characterize an organization or society.

Workplace Safety

Practices, policies, and procedures designed to protect employees from risks and hazards associated with their working environment.

Job Satisfaction

The level of fulfillment or contentment employees feel regarding their jobs, including aspects of their work environment, role, and relationships with coworkers.

Job Insecurity

The fear or risk of losing one's job without the prospect of finding another of equal value.