A regulatory body which licenses brokers and oversees traders is classified as__________?
Correct answer: D. National association of securities dealers
- A. International firm of auction system
- B. International association of network dealers
- C. National firm of equity dealers
- D. National association of securities dealers
Explanation
The National Association of Securities Dealers, or NASD, historically regulated broker-dealers and supervised securities trading in the United States. It was later succeeded largely by FINRA, but NASD matches the given options.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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