An ECN Is Best Described As

question 1

Multiple Choice

An ECN is best described as:

• A)an electronic network which transmits orders directly to the floor of the NYSE.
• B)the network used in the primary market for selling newly issued shares.
• C)the international trading network of the NYSE.
• D)a website that allows individual investors to trade directly with one another.
• E)a computerized network used by independent brokers.

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Definitions:

Journal Entries

Records of financial transactions in the accounting system that are used to transfer amounts from one account to another, reflecting the financial effects of business transactions.

Accident Insurance

Accident Insurance is a type of policy providing financial compensation to the insured in case of injuries, disability, or death caused solely by accidental means.

Accrued Salaries

These are wages that have been earned by employees but have not yet been paid by the employer.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting its consumption or wear and tear.