Sarah Has a Brokerage Account with Jeff, Who Is a Money

question 103

Multiple Choice

Sarah has a brokerage account with Jeff, who is a money manager with Downtown Brokers. Sarah pays an all-inclusive annual fee to the firm and Jeff manages her funds. She pays no trading costs or commissions. Which one of the following best describes this type of account?

• A)wrap
• B)cash
• C)margin
• D)mutual
• E)advisory

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Definitions:

Vocational Rehabilitation Act

A federal law that prohibits discrimination against individuals with disabilities in programs that receive federal financial assistance.

Employment Opportunity

The availability of job positions that potential employees can apply for, often influenced by economic, societal, and organizational factors.

Age Discrimination

Unfair treatment or bias against individuals or groups based on their age, especially in employment practices.

Employment Act

Legislation that sets out the rights and obligations of employees and employers within the workplace.