SIE practice questioneasyAccount Types – Business Accounts
Which type of account would a corporation use to buy and sell securities for its own investment purposes?
- ACorporate account✓ Correct answer
- BCustodial account
- CJoint tenants account
- DUGMA account
Explanation
Why A — Corporate account
A corporate account is for businesses investing their own funds. Custodial and UGMA accounts are for minors; joint tenants are for two or more individuals.
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