Procedural, as Opposed to Substantive, Law Generally Includes All of the Following

question 319

Multiple Choice

Procedural, as opposed to substantive, law generally includes all of the following except for:

• A) court orders
• B) contract law
• C) rules of evidence
• D) administrative procedure
• E) all of the other choices are procedural law

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Definitions:

Proprietary Trading

When a firm trades stocks, bonds, currencies, commodities, derivatives, or other financial instruments with its own money, rather than its clients' money, for its own profit.

Hedge Funds

Investment funds that use various strategies to earn active returns for their investors, often employing leverage and derivatives.

Mortgage Market Meltdown

A significant downturn in the mortgage market, often resulting from a large number of loan defaults and the devaluation of mortgage-backed securities.

Securitization

The process of transforming illiquid assets into a tradable form by converting them into securities.