If your stockbroker gives you bad advice and you lose your investment:
A. your investment would only be covered if the stockbroker was employed by a bank.
B. these losses would be covered under FDIC insurance.
C. the government will not reimburse you for the loss; you are not protected from bad advice by your stockbroker.
D. the government will reimburse you similar to reimbursing depositors if a bank fails.
Answer: C
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. If the price of a good changes, the demand for the good changes. 2. When the quantity demanded by consumers goes up, we can be sure that there has been a rise in demand 3. A demand curve is drawn downward sloping to show that price and quantity demanded will move in opposite directions as long as other relevant factors remain unchanged. 4. An increase in the price of compact discs would shift the demand curve for DVD players to the left. 5. An increase in the price of gasoline would shift the demand curve for gasoline to the left.
What are two benefits of the new miles-per-gallon requirements? Are these benefits in someone's self-interest or in the social interest?
What will be an ideal response?
Which of these is among the principal determinants of economic growth?
A) inflation B) the financial system C) the central bank D) the government budget deficit E) stabilization policy
If we consider the equation PAE = A + bY the independent part of the equation that depends on income is:
A. b B. Y C. A D. PAE