Typically,shares of Stock Are Stored in the Vault of the Brokerage

question 17

Multiple Choice

Typically,shares of stock are stored in the vault of the brokerage firm and you,as owner,will not take physical possession.Under these circumstances the brokerage firm is the ________ and you are the ________.

• A)street owner; settlement owner
• B)settlement owner; street owner
• C)owner of record; beneficiary owner
• D)beneficiary owner; owner of record

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Definitions:

Business Units

Distinct segments within a larger corporation, focused on specific product lines or market areas.

Weighted Average

An average in which each quantity to be averaged is assigned a weight, reflecting its importance or frequency relative to other quantities.

Market Value

The transaction value at which a service or asset is currently listed in the market.

Corporate Tax Rate

The portion of a company's earnings that is handed over to the government in the form of taxes.