Which of the Following Statements Is True of the Securities

question 46

Multiple Choice

Which of the following statements is true of the Securities Exchange Act of 1934?

• A) The Act makes it legal to sell a security on a national exchange.
• B) The registration under the 1934 Act is the same as under the 1933 Act.
• C) The registration process excludes filing of prescribed forms with the Securities Exchange Commission.
• D) The Act deals with original offerings of securities instead of regulating transfers of securities after the initial sale.
• E) The Act requires brokers and dealers to keep detailed records of their activities and filing of annual reports with the Securities Exchange Commission.

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Definitions:

Recall

The cognitive process of retrieving information or memories from the past.

Relearning

The process of regaining knowledge or skills that were previously learned then forgotten, which typically occurs faster than the initial learning.

Recognition

A memory task in which a person must simply identify material as familiar or as having been encountered before.

Nondeclarative Memory

A type of long-term memory that involves skills and actions, which can be performed without conscious thought or declaration.