Any person who owns a license to trade on the NYSE is called a:
A. dealer.
B. floortrader.
C. DMM.
D. member.
E. proxy.
Ans: D. member.
Business
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In which of the following cases would an oral contract be enforceable without a written memorandum?
a. Ron orders three custom-made suits. b. Michelle calls an employment agency in Paris to arrange for maid service for her three-month Parisian vacation. c. Anna orders a top-of-the-line computer over the phone. d. Catherine calls Lucky Dude Ranch to purchase the championship race horse they have advertised in the paper.
Business
Ringo Bank has a profit after taxes of $3 million, total assets of $300 million, and shareholder's equity of $30 million. Ringo's return on equity (ROE) is ____ percent
a. 1.0 b. 10.0 c. 3.0 d. none of the above
Business