Which of the following is true of securities dealers?
a. They are active in the secondary market, buying and selling previously issued securities.
b. They may own securities, which they inventory prior to selling to investors.
c. They may be involved in the distribution process for a new securities issue.
d. All of the above.
Which of the following statements is true regarding credit unions?
I. Credit unions specialize in making home mortgage and auto loans
II. Credit unions are tax-exempt institutions
III. Credit unions do not offer any insurance protection against the loss of member deposits
a. I only
b. I and II only
c. I and III only
d. II and III only