Under the Securities Exchange Act of 1934, Which Type of Organization

question 94

Multiple Choice

Under the Securities Exchange Act of 1934, which type of organization is required to submit audited financial statements to the SEC?

• A) every company with securities traded on national and over-the-counter exchanges
• B) every corporation
• C) every company issuing new securities
• D) every corporation which is chartered by a state government

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Definitions:

Compensating Balance

A minimum account balance that a company agrees to maintain in a bank in return for banking services.

Business Loan

A loan specifically intended for business purposes, providing the necessary capital for start-up or expansion.

Prime Rate

The interest rate that commercial banks charge their most credit-worthy customers, often used as a reference point for various types of loans.

Rate Of Interest

The percentage at which interest is charged or paid over a specific period of time on borrowed or saved money.