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tommyaberman
03.01.2020 •
Business
According to the investment company act of 1940, the definition of "investment company" could include which of the following
[a] broker/dealers who have investment discretion over more than 100 accounts
[b] a company whose business is to invest and reinvest in securities.
[c] pooled investments in precious metals
[d] insurance company general accounts funding fixed insurance and annuity contracts.
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Ответ:
Option (B) is the right answer.
Explanation:
According to the investment company Act of 1940, the investment companies are those companies whose main business is to gathers investment capital to invest them in marketable securities.
Hence According to the scenario, the most appropriate answer is option (B).
While the other option is incorrect because of the following reason:
Brokers/dealers can not be considered as an investment company because they are not the company. Pooled investments in metals are not an investment company but considered as the commodity pool. Insurance companies are also not investment companies.Ответ:
I think that the wiki source would be the least credible out of all of them.
Explanation:
The reason why I think that it is the wiki source is because all the other ones are government websites or school related sites that can be trusted but wiki can be incorrect an outdated. Take wiki how for an example.