The Securities and Exchange Commission

question 47

Multiple Choice

The Securities and Exchange Commission

• A)required all stock brokers to be licensed.
• B)set up the Wall Street Stock Exchange.
• C)created the NASDAQ.
• D)instituted a four day bank holiday.
• E)made speculation illegal.

---

Definitions:

Certificate

An official document attesting to a certain fact, such as the completion of an educational course or the ownership of a financial security.

Net Profits

The sum left over once all costs, taxes, and expenses have been deducted from the total income.

Partnership Status

The legal standing of a business entity comprising two or more individuals who share management and profits.