4-28 the Principal Reasons for the Growth in Profitability of the Securities

question 25

True/False

4-28 The principal reasons for the growth in profitability of the securities industry in the middle 1990s were the trading profits from fixed income securities and the growth in new issue underwriting.

---

Definitions:

Assignment Notice

A formal notification that an assignment, often of a contract or legal right, has been made to another party.

Expressly Prohibits

Explicitly forbids certain actions or uses, often found within contractual or legal language to remove ambiguity.

Payment of Money

The act of transferring money from one party to another as a form of exchange for goods, services, or to settle debts.

Notice

A formal communication informing a party of an action, decision, or legal requirement that impacts them.