Which of the following purposes is NOT served by the bill of lading?
A) It acts as a receipt.
B) It acts as a contract.
C) It acts as a document of title.
D) It acts as all of the above.
Answer: D
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A holder of goods who is not a seller or a buyer is referred to as a(n) ________
A) consignor B) broker C) bailee D) consignee
Which of the following characteristics apply to trading before and after regular hours?
I. Most after hours trades match a bid price to a corresponding offer price. II. Most brokerage firms require individual investors to place only market orders for after-hours trades. III. Electronic Communications Networks (ECNs) play a key role in after hours trading. IV. After-hours trading begins at 4:00 P.M. and ends at 9:30 A.M. eastern time. A) II and IV only B) I, II and III only C) I and IV only D) I, III and IV only