4-54 The management of pools of assets by securities firms is considered to be the function of

Question

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The management of pools of assets by securities firms falls under investing, which involves managing and allocating capital to various investments on behalf of clients or the firm itself. Market making involves facilitating the buying and selling of securities for clients, investment banking involves advising companies on capital-raising activities, trading involves buying and selling securities for profit, and cash management involves managing and optimizing a firm's cash holdings.

4-54 the Management of Pools of Assets by Securities Firms