4-59 the Process of Providing Custody and Escrow Services,clearance and Settlement

question 45

Multiple Choice

4-59 The process of providing custody and escrow services,clearance and settlement services,and research and other advisory services by a securities firm involves the function of

• A)mergers and acquisitions.
• B)market making.
• C)investment banking.
• D)back-office functions.
• E)cash management services.

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Definitions:

Appreciation

An increase in the value of a currency in terms of other currencies.

Euro

The official currency used by 19 of the 27 European Union countries, also known as the eurozone.

Dollar

A currency unit used by the United States and other countries, represented by the symbol $, and used as a standard monetary unit in international transactions.

Exchange Rate

The price of one currency in terms of another currency, which determines how much foreign currency one can buy with a unit of domestic currency.