A Nonbanking Institution That Buys and Sells Stocks and Other

question 20

Multiple Choice

A nonbanking institution that buys and sells stocks and other securities for customers is a(n)

• A) money market fund.
• B) pension fund.
• C) insurance company.
• D) brokerage firm.
• E) automated clearinghouse.

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Definitions:

Valuable Vase

An object, typically made of ceramic, glass, or porcelain, considered to have significant monetary or sentimental worth.

Torts

Civil wrongdoings recognized by law as grounds for a lawsuit, resulting in an injury or harm.

Liable

Legally responsible for one’s actions or an outcome, often involving a duty to compensate for harm or damage.

Duty

A moral or legal obligation; the responsibility to fulfill tasks, obligations, or roles as required by the law or social norms.