A market's clearinghouse:
A)issues certificates representing securities to investors
B)keeps an electronic record of securities and their owners
C)is only involved in primary market trades
D)provides an expert opinion about the expected performance of securities.
E)All of these.

Question

Quizplus · Accepted Answer

A market's clearinghouse keeps an electronic record of securities and their owners, facilitating the transfer of ownership between buyers and sellers. It does not issue certificates representing securities to investors, provide expert opinions about the expected performance of securities, or only participate in primary market trades. Therefore, option B is the best choice.

A Market's Clearinghouse