A broker associate should return the closing file to the brokerage firm within a week.

a. true
b. false

Answer: b. false

Business

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Your commercial bank is offering a one-year CD with an interest rate of 7%. A financial company offers an interest rate of 10% on its one-year certificate (not a CD). The risk premium offered by the financial company is

A) 7%. B) 3%. C) 4%. D) 1.5%.

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A power of attorney is a document that authorizes someone to act for another

Indicate whether the statement is true or false.

Business