Most trades on the NYSE are executed:
A. by floor brokers on the exchange floor.
B. independent brokers on the exchange floor.
C. electronically.
D. by designated market makers of the floor of the exchange.
E. by dealers.
Answer: C. electronically.
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Walter Able, as agent for Baker, an undisclosed principal, contracted with Safe to purchase an antique car. In payment, Able issued his personal check to Safe. Able could not cover the check but expected Baker to give him cash to deposit before the check was presented for payment. Baker did not do so and the check was dishonored. Baker's identity became known to Safe. Safe may not recover from
A. Baker individually on the contract. B. Able individually on the contract. C. Baker individually on the check. D. Able individually on the check.
Participants in the private insurance market include all of the following except:
A) insurance buyers B) insurance companies C) insurance regulators D) the FDIC