Which of the following is true of the Securities Investor Protection Corporation (SIPC)?
A) It protects investors from losses up to $750,000 due to the financial failure of a brokerage firm.
B) It has the monitoring and bailout functions that the Federal Deposit Insurance Corporation (FDIC) has in banking.
C) It does not use trustees in any of its functions.
D) It supervises the liquidation of brokerage firms that are in financial trouble.
D
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An order or promise in a negotiable instrument must be conditional
a. true b. false
Certovia and Norkland are two neighboring countries that actively trade goods and services with each other. Under the gold standard, there will be a net flow of gold from Norkland to Certovia when:
A. Certovia is in trade deficit with Norkland. B. Norkland is in balance-of-trade equilibrium with Certovia. C. Certovia is in trade surplus with Norkland. D. Certovia imports more than it exports to Norkland. E. Norkland's balance of payment to Certovia is favorable.