INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 145

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-Most brokerage agreements [will | will not] permit you to sue your broker for malpractice.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Highest Rating

The top tier or grade assigned by rating agencies to entities or securities, indicating the lowest risk of default.

Bid Price

The highest price a buyer is willing to pay for an asset in the financial markets.

Dealer

An individual or firm in the financial markets that stands ready to buy or sell securities for their own account, at their own risk.

Security

A financial instrument that represents an ownership position in a publicly-traded corporation (stock), a creditor relationship with governmental body or a corporation (bond), or rights to ownership as represented by an option.