1- An investment manager directs a certain client\'s orders to a certain broker

Question

1- An investment manager directs a certain client's orders to a certain broker for execution in exchange for research from the broker. This arrangement is referred to as a:

a- Position trading.

b- Soft dollar arrangment.

c- Best effort arrangment.

d- Commission trades.

e. Private placement.

2- The largest asset on the typical broker-dealers' balance sheet in 2015 was

A)

B)

C)

D)

E)

A)

long positions in securities and commodities.

B)

receivables from other broker-dealers.

C)

repurchase agreements.

D)

cash.

E)

reverse repurchase agreements.

Explanation / Answer

b. soft dollar arrangement

a. long positions in securities and commodities (since broker dealers transact on behalf of customers)

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