When a securities firm acts as a(n) , it makes a market in specific securities by maintaining an inventory of those securities.

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?

Jessica thinks that everyone would be better off if financial institutions stopped issuing credit. which statement accurately supports her argument? people would pay less in interest fees. people would have greater protection in case of emergencies. people would need to save for many years to buy a home or open a business. people would support the economy through purchases of more goods and services.

If a bank protected by the fdic fails, then all of the individuals who have deposited money into the bank a. are restricted from ever using a bank again b. will be reimbursed by the federal government c. have lost all of their money and savings forever d. become members of the federal reserve bank