Normative Statements Are

question 60

Multiple Choice

Normative statements are

• A)prescriptive,whereas positive statements are descriptive.
• B)descriptive,whereas positive statements are prescriptive.
• C)backward-looking,whereas positive statements are forward-looking.
• D)forward-looking,whereas positive statements are backward-looking.

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Definitions:

Account Orders

Instructions to buy or sell securities or commodities that are given to a brokerage firm for execution.

Bank

A financial institution licensed to receive deposits, offer loans, and provide other financial services such as currency exchange and wealth management.

Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a designated person.

Ammeter

An instrument used to measure the current in a circuit, expressed in amperes.