The Securities Acts Amendment of 1975 Eliminated Which of the Following

question 77

Multiple Choice

The Securities Acts Amendment of 1975 eliminated which of the following?

• A)the sales tax on securities transactions
• B)the quotas on foreign securities
• C)the fixed brokerage fees that brokers are allowed to charge
• D)the Securities and Exchange Commission (SEC)

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Definitions:

Face Value

The nominal value printed on a security or financial instrument, representing its legal value.

Expected Interest Rate

The anticipation of the rate at which money will be charged for the use of money in future transactions, often guided by current economic conditions and monetary policy.

Algebraic Expression

An algebraic expression is a mathematical phrase that can contain ordinary numbers, variables (like x or y), and operators (like add, subtract, multiply, and divide).

Interest Rate

An annual percentage reflecting the amount of a loan that is applied as interest to the borrower, calculated on the total loan amount outstanding.