Question
A bank had bought shares with the objective of benefiting from a capital gain. Prices in the stock market have been going up due to
A bank had bought shares with the objective of benefiting from a capital gain. Prices in the stock market have been going up due to the government economic stimulus package. The bank could be exceptionally authorized by the regulator to reclassify the shares from _________ to _________ in order to benefit from a gain in the bank's income statement.
| A. | investment securities ; available-for-sale securities | |
| B. | available-for-sale securities ; investment securities | |
| C. | trading securities ; available-for-sale securities | |
| D. | investment securities ; trading securities | |
| E. | None of the above answers is correct. |
If there were no initial holding of a particular security, a sale order made before a borrowing agreement is a(n) ______________ and ________________ in ASIC relief list.
| A. | covered short sale; is | |
| B. | naked short sale; is | |
| C. | naked short sale; may or may not be | |
| D. | covered short sale; is NOT | |
| E. | naked short sale; is NOT |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started