Primary Government Securities Dealers Are _____That Meet Certain Capital Requirements

question 12

Multiple Choice

Primary government securities dealers are _____that meet certain capital requirements and agree to actively transact with the Fed when it engages in open-market operations.

• A)small investment banks and brokers
• B)large stockbrokers
• C)large investment banks and brokers
• D)community banks and credit unions

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Definitions:

Extraordinary Item

A term previously used in accounting for events and transactions that were both unusual in nature and infrequent, which is no longer preferred under most financial reporting frameworks.

Component Disposal

The act of selling or otherwise disposing of a distinct part of a company's assets, often as a part of operational restructuring.

Termination Pay

Compensation given to an employee when their employment ends as per the terms of their work contract, often depending on the duration of employment.