How are equities cleared - Study guides, Class notes & Summaries

What are the quailfications of a an accredited investor? 1. 200,000 annual income (single) 2. 300,000 annual income (joint/married) (last two years) 3. $1,000,000 net worth EXCLUDING primary residence For accredited investors does in include primary residence? No! Must have a networth not including primary residence What is the DTCC's goal? to automate and centrailze clearing and settlement. The securities do not have to be physical. How are equities cleared? (i.e what...

FINRA SIE Exam Chap 1 With 100% Correct And Verified Answers 2024

FINRA SIE exam - Chap 1 Questions and Answers | 100% Correct What are the quailfications of a an accredited investor? ️️ Correct-1. 200,000 annual income (single) 2. 300,000 annual income (joint/married) (last two years) 3. $1,000,000 net worth EXCLUDING primary residence For accredited investors does in include primary residence? ️️ Correct-No! Must have a networth not including primary residence What is the DTCC's goal? ️️ Correct-to automate and centrailze clearing and s...

An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. - ANSWER-d. all of the above. These are elements of value. Which of the following abbreviations is associated with the FHA? a. NAR b. CPM c. MIP/MMI d. MBA - ANSWER-c. MIP/MMI MIP - Mortga...