A Block Trade Is Defined as a Transaction Involving at Least

question 57

Multiple Choice

A block trade is defined as a transaction involving at least:

• A)1,000 shares
• B)5,000 shares
• C)10,000 shares
• D)1 million share

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Definitions:

Euros

The euro is the official currency of 19 of the 27 European Union countries, which together comprise the Eurozone.

Cash Receipt

The collection of money (currency, checks, electronic transfers) by a business or individual, typically documented for accounting purposes.

Compensating Balance

A minimum account balance that a borrower agrees to maintain in a bank account as a condition for receiving a loan, often to compensate the bank for the loan or to secure better loan terms.

Footnotes

Additional information provided at the end of financial statements to give more detail or provide explanations about items in the financial statements.