Which One of the Following Securities Firms' Activities Is Normally

question 45

Multiple Choice

Which one of the following securities firms' activities is normally the most risky?

• A)Best efforts offering
• B)Private placement
• C)Firm commitment offering
• D)Pure arbitrage
• E)Program trading

---

Definitions:

Relatively Short

The term "relatively short" refers to a period of time that is short in comparison to other relevant timeframes or expectations.

Technological Changes

The overall process of invention, innovation, and diffusion of technology or processes.

Direct Lease

A lease where the lessor purchases the asset and then leases it directly to the lessee, without using a lease intermediary.

End User

The ultimate consumer of a product or service, who uses it for its intended purpose.