Which of the Following Is NOT True About the Securities

question 37

Multiple Choice

Which of the following is NOT true about the Securities and Exchange Commission:

• A) the agency is charged with the responsibility for the enforcement and administration of the federal securities laws
• B) the agency is bi-partisan
• C) the agency is not independent
• D) the agency has five members appointed by the President for five-year terms
• E) all the other choices are true of the Securities and Exchange Commission

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Definitions:

GATT

The General Agreement on Tariffs and Trade, an international treaty designed to reduce tariffs and other barriers to trade between member countries.

International Agreement

A formal accord between two or more countries that outlines specific commitments each nation agrees to fulfill, often related to trade, defense, or cultural exchanges.

Liberalization

The process of reducing restrictions on economies, typically by removing trade barriers and deregulating capital markets.

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specified period.