Series 7 practice questioneasyNetworking Arrangements — Definition
A networking arrangement typically refers to a relationship between a broker-dealer and which of the following?
- AA bank or other financial institution✓ Correct answer
- BA law firm
- CA real estate developer
- DA government agency
Explanation
Why A — A bank or other financial institution
A networking arrangement is a formal relationship between a broker-dealer and a financial institution, such as a bank, to offer securities products to the institution’s customers.
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