SIE practice questionmediumAccount Ownership
Which account type allows two or more adults to share ownership with equal rights to trade securities?
- ATrust account
- BCustodial account
- CJoint tenants with rights of survivorship (JTWROS)✓ Correct answer
- DSole proprietorship account
Explanation
Why C — Joint tenants with rights of survivorship (JTWROS)
JTWROS accounts enable joint owners to trade and have equal rights; custodial and trust accounts involve a manager and beneficiary, and sole proprietorships have one owner.
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