Which of the Following Would One Typically Find in the Trading

question 106

Multiple Choice

Which of the following would one typically find in the trading portfolio of an FI?

• A)Cash, loans, and deposits.
• B)Premises and equipment.
• C)Relatively illiquid assets.
• D)Assets held for long holding periods.
• E)Bonds, equities, and derivatives.

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Definitions:

Unilateral Mistake

This occurs when only one party to a contract is mistaken about a fundamental fact of the contract, which can affect the enforceability of the contract.

Implied Misrepresentation

A false statement or omission made indirectly or through implication that leads others into error.

Rescind

To retract, cancel, or annul a contract or agreement, reverting the parties to their respective positions prior to the agreement.

Petition

A formal written request, often to a court or a governmental institution, seeking a particular legal remedy or governmental action.