Which of the following institutions has helped to eliminate the use of stock certificates by placing stock transactions on computers?
A)Federal Reserve
B)Securities Exchange Commission
C)Depository Trust Company
D)Federal Depository Insurance Corporation

Question

Quizplus · Accepted Answer

The Depository Trust Company (DTC) has helped to eliminate the use of stock certificates by placing stock transactions on computers. The DTC is a subsidiary of the Depository Trust & Clearing Corporation (DTCC), which provides secure, efficient financial market infrastructure services, including clearance, settlement, and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, and other financial instruments. The Federal Reserve, Securities Exchange Commission, and Federal Depository Insurance Corporation all have important roles in the regulation and oversight of the financial system, but they are not directly involved in the elimination of stock certificates through computerized transactions.

Which of the Following Institutions Has Helped to Eliminate the Use