The Option Clearing Corporation Is Owned by _________

question 40

Multiple Choice

The Option Clearing Corporation is owned by _________.

• A) the exchanges on which stock options are traded
• B) the Federal Deposit Insurance Corporation
• C) the Federal Reserve system
• D) major U.S. banks

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Definitions:

Supplies Used

The cost of materials and supplies consumed during an accounting period in the course of operations.

Supplies Account

An account used in accounting to track the cost of supplies spent over a specific period.

Accumulated Depreciation

The cumulative depreciation expense charged on a fixed asset throughout its useful life.