SIE Exam Practice Question 838
Question: 838
Which of the following is a broker that offers clearing, settlement, and custodial services to other brokers, and enables them to provide full service to their clients without incurring the sizable costs of running a back office?
Correct Answer: A
Explanation:
A carrying broker offers clearing, settlement, and custodial services to other brokers, and enables them to provide full service to their clients without incurring the sizable costs of running a back office.
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