The Largest Category of Assets for Broker-Dealers as of the Beginning

question 28

Multiple Choice

The largest category of assets for broker-dealers as of the beginning of 2012 was

• A)receivables from other broker-dealers.
• B)securities purchased under agreement to resell.
• C)receivables from customers.
• D)exchange membership.
• E)long position in securities and commodities.

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Definitions:

Phlegmatic

A temperament characterized by calmness, reliability, and a relaxed disposition, traditionally one of the four temperaments.

Kohlberg's Moral Reasoning

A theory that proposes the stages of moral development, suggesting that an individual's ability to reason about moral issues advances through distinct stages as they age.

Predictive

Relating to the ability to foretell or forecast future events or behaviors based on current data or past experiences.

Negatively Correlated

A relationship between two variables in which one variable increases as the other decreases.