A Colorado broker has a brokerage relationship with both the buyer and seller in a single transaction. The brokerage relationship must be
a. customer
b. dual agency
c. single agency
d. transaction-broker
Answer: d. transaction-broker
Business
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Suppose the following rates are averages for banks in your area: interest checking accounts pay 1%,
savings accounts pay 2%, and one-year certificates of deposit pay 3%. All accounts are federally insured by the FDIC. The difference in rates can be explained mainly by A) maturity premiums. B) liquidity premiums. C) inflation risk premiums. D) default risk premiums.
Business
A firm produces goods which has high sales when the economy is expanding and low sales during a recession. This firm's overall risk will be higher if it invests in another product which is counter cyclical
Indicate whether the statement is true or false
Business