NASW Revised the Code of Ethics to Address Changes in Technology

question 2

True/False

NASW revised the Code of Ethics to address changes in technology.

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Definitions:

Stockbroker

A professional who buys and sells stocks and other securities on behalf of clients in exchange for a fee or commission.

Securities

Financial instruments that represent an ownership position in a publicly traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Collateral

An asset that a borrower offers to a lender as security for a loan.

Hypothecated

Hypothecated refers to assets that are pledged as collateral for a loan without transferring title or possession to the lender, often used in secured loans.