A Market's Clearinghouse

question 91

Multiple Choice

A market's clearinghouse:

• A)issues certificates representing securities to investors
• B)keeps an electronic record of securities and their owners
• C)is only involved in primary market trades
• D)provides an expert opinion about the expected performance of securities.
• E)All of these.

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Definitions:

Substantial Performance

Performance of a contract in all but a minor aspect of it.

Supreme Court

The highest court in a country or jurisdiction, often having the final say in matters of constitutional and federal law.

Voidable

Referring to a contract or transaction that may be declared invalid by one party, typically due to factors like misrepresentation or undue influence.

Certified Cheque

A means of transferring funds by cheque where payment is, in effect, guaranteed by the bank.