Which One of the Following Is NOT the Rule of National

question 19

Multiple Choice

Which one of the following is NOT the rule of National Association of Securities Dealers (NASD) ?

• A) All correspondence and all transactions must be reviewed and approved by the firm and maintained for three years.
• B) Disciplinary actions regarding employees must be reported to NASD.
• C) Firms do not need to maintain fidelity bond to protect against losses due to theft or misappropriation of securities
• D) None of these.

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Definitions:

Industrial Output

The total volume of products and services produced by an industry, often used as an indicator of industrial activity and economic health.

Internal Combustion

A process where fuel is burned within an engine, producing power through the expansion of gases.

Carburetor

A device in an internal combustion engine that mixes air with a fine spray of liquid fuel.

Compulsory Education

The requirement by law for children to attend school up to a certain age to ensure they receive a basic education.