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A discretionary account authorization permits a registered representative to decide:
Suggested Answer: B
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A broker dealer is required to file a Currency Transaction Report with the Treasury Department for any cash transaction exceeding $10,000. The report does not need to be filed if the transaction simply has a market value of $10,000, but does not involve cash (aka, currency.)
34 comments · newest first
MI
Mirta
11 months ago
Not sure I like the idea of someone else making those calls.
MA
Marleen
11 months ago
Yup, they can choose what and how much to trade.
AN
Andra
12 months ago
Wait, can they really decide everything? Seems risky.
SI
Simona
12 months ago
Totally agree, it's all about trust in your advisor!
TR
Trevor
1 year ago
A discretionary account lets reps make trades without asking first.
CH
Charlette
1 year ago
I think it’s definitely about making decisions on what to buy or sell, but I’m a bit confused about whether that includes the amounts too.
IV
Ivan
1 year ago
I feel like discretionary accounts give a lot of power to the rep, but I can't recall if they can decide on every detail or just some.
MA
Margurite
1 year ago
I remember practicing a question like this, and I think the answer might be D, since it seems to include everything the rep can decide.
DA
Darrin
1 year ago
I think a discretionary account lets the rep decide on purchases and sales, but I'm not sure if it covers all the specifics like amounts.
TI
Tina
1 year ago
Wait, I'm a bit confused. I thought a discretionary account meant the rep could only decide what specific asset to buy or sell, not the other details. I'll have to double-check my notes on this topic.
ED
Edna
1 year ago
Okay, I've got this. A discretionary account authorization means the rep can decide everything - whether to buy or sell, what to buy or sell, and how much. So the answer has to be D, all of the above.
LY
Lynsey
1 year ago
This looks like a straightforward question about discretionary account authorization. I'm pretty confident I know the answer, so I'll just go with option D.
NI
Nichelle
1 year ago
Hmm, I'm a little unsure about this one. I think the key is understanding the definition of a discretionary account authorization. Let me re-read the question carefully and think through the options.
CR
Cristina
1 year ago
This is a tricky one. I'm not super familiar with agent-based modeling, so I'm a bit unsure. My initial instinct is that B (Machine Learning) is the best answer, since that's a common approach for extracting insights from complex simulation data. But I'll double-check my understanding before committing to an answer.
ER
Ernie
1 year ago
Okay, I've got a good handle on this. Option C seems to be the most accurate description of how file quarantine functions - it removes the file to a protected folder and prevents execution. I'm confident that's the right answer.
SH
Sheron
1 year ago
Okay, I'm pretty confident the answer is Least bandwidth. That method will send new connections to the server with the lowest network usage, which should help balance the load across the backend resources.
TR
Trinidad
1 year ago
I think the Agent Activity Summary Report would be the best choice here, as it tracks agent activity and idle time.
TE
Tenesha
1 year ago
Discretionary account? More like a 'whatever-I-feel-like' account. As long as the broker doesn't go on a spending spree, it should be fine.
BA
Barb
1 year ago
C) how much of an asset to buy or sell for the account.
SA
Santos
1 year ago
B) what specific asset to purchase or sell.
FL
Flo
1 year ago
A) whether to make a purchase or a sale.
MI
Mitzie
2 years ago
Discretionary account, huh? Sounds like a blank check for the broker to do whatever they want. I hope they use it responsibly!
MA
Mammie
2 years ago
This is a trick question! The answer is clearly D, but I bet the test writers are trying to see if we're paying attention.
LO
Louvenia
1 year ago
C) how much of an asset to buy or sell for the account.
RO
Rolland
1 year ago
B) what specific asset to purchase or sell.
ER
Eric
1 year ago
A) whether to make a purchase or a sale.
AN
Annice
2 years ago
I thought B was the right answer. Isn't that the whole point of a discretionary account, to let the rep decide what assets to trade?
DE
Deeanna
1 year ago
C) how much of an asset to buy or sell for the account.
EL
Elliott
1 year ago
B) what specific asset to purchase or sell.
BR
Brianne
1 year ago
A) whether to make a purchase or a sale.
MI
Michal
2 years ago
Option D is the correct answer. A discretionary account allows the representative to make all the decisions, from what to buy or sell to how much to trade.
DA
Danilo
2 years ago
I'm not sure, but I think it might be A) whether to make a purchase or a sale.
BA
Barabara
2 years ago
I agree with Aleshia, because a discretionary account authorization gives the registered representative full control.
AL
Aleshia
2 years ago
I think the answer is D) all of the above.