What is one of the main duties of a stock broking firm to its clients?

FIN346 Chapter 5

Quiz
•
Financial Education
•
University
•
Medium
MUHAMMAD NAWAWI
Used 4+ times
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20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Compete with the client
Obey the client’s instructions
Act as principal without informing the client
Avoid issuing contract notes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of client is NOT typically handled by stock broking firms?
Institutional clients
Foreign clients
Retail stores
Corporate clients
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary role of the Dealing Department in a stock broking firm?
Preparing contract notes
Executing client transactions
Managing client trading limits
Overseeing the balance sheet
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Operations Department in a stock broking firm is responsible for what?
Issuing research reports
Managing trade settlements
Ensuring compliance with exchange policies
Analyzing client credit risk
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of income does a commissioned CMSR receive?
Fixed monthly income
Hourly wages
Salary with benefits
Commission-based income
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a restriction for CMSRs?
Engaging in foreign exchange trading
Managing fixed-income portfolios
Being a shareholder in a company that deals in securities
Writing reports for non-security businesses
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A paid CMSR is typically stationed at which location?
Brokerage firms
Investment banks
Corporate offices
Stock exchange headquarters
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