In the OTC Market, the Ask Price Is the Highest

question 11

True/False

In the OTC market, the ask price is the highest price offered by a dealer to purchase a given security.

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Definitions:

Disaffirm

The act of rejecting or renouncing a contract or agreement, particularly by a minor who is not legally bound by contracts.

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A contract between an insurer and a policyholder where the insurer pledges payment of a death benefit to named beneficiaries upon the death of the insured.

Health Insurance

A type of insurance coverage that typically pays for medical, surgical, prescription drug, and sometimes dental expenses incurred by the insured.

Education Loans

Financial loans provided to students to help cover the costs of post-secondary education, which typically have to be repaid with interest after graduation.