The Two Main Functions of Securities Firms Are

question 14

Multiple Choice

The two main functions of securities firms are

• A)investment banking.
• B)the buying and selling of previously issued securities.
• C)regulating other financial firms and buying securities in the secondary market
• D)Both a and b are correct.

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Definitions:

Interest Charges

Costs incurred for borrowing money, calculated as a percentage of the principal amount loaned.

Account Payable

An obligation of a company to pay a short-term debt to its creditors or suppliers.

Deductions

Amounts subtracted from gross income or revenue to calculate net income or taxable income, including expenses, allowances, and discounts.

Employee Receivables

Amounts owed to a company by its employees, often due to overpayment or advancements.