Whose Responsibility Is It to Determine If a Client Can

question 7

Multiple Choice

Whose responsibility is it to determine if a client can pay for the securities they purchase?

• A) the stockbroker who opens the account for the client
• B) the floor broker who places the trade on the floor of the exchange
• C) the dealer who acts as the seller in the trade
• D) the broker in charge of churning

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Definitions:

Watery Sac

A fluid-filled bladder or cyst that can form in various parts of the body, often benign.

Primitive Streak

Ectodermal ridge in the midline of the embryonic disk, from which arises the mesoderm by the inward and then lateral migration of cells.

Epiblast Cells

Cells in the early embryo that give rise to the tissues of the body.

Mesoderm

Middle of the three germ layers of an embryo.