Churning is when a securities professional buys a stock for his own benefit and then urges investors to buy the stock to drive its price up for his benefit
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
In a voucher system, the data flow between the originating department and the process "prepare disbursement voucher" typically is:
a. the disbursement voucher b. the payment notification c. the payment request d. the check
Wright Corp. is considering the purchase of a new piece of equipment, which would have an initial cost of $1,000,000 and a 5-year life. There is no salvage value for the equipment. The increase in net income each year of the equipment's life would be as follows: Year 1$375,000Year 2$350,000Year 3$285,000Year 4$230,000Year 5$185,000What is the payback period?
A. 2.96 years B. 2.06 years C. 3.51 years D. 1.77 years
Which of the following statements is true of economic strikes?
A. Economic strikers have limited rights to reinstatement. B. They are a new tactic among nonunion employees, often backed by organized labor. C. They are conducted for giving support to other workers on strike. D. Employees engaged in economic strikes are afforded the highest degree of protection under federal law.
If a bank fails to detect an alteration on a customer's check, it is liable to its customer for the loss.
Answer the following statement true (T) or false (F)