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The abbreviation WAC stands for:

A.

Wheel and Calculate

B.

Weighted Average Cost

C.

West Against Charge

D.

Wait About Control

Internal trading systems typically do not:

A.

Reflect the firm's settled positions at CSDs/custodians

B.

Have the capability to capture new trades

C.

Hold the firm's current trading positions

D.

Have the capability to amend and cancel trades

Accrued interest is designed to:

A.

Compensate the buyer of an interest-bearing bond for interest earned, (but not paid) since the previous coupon payment date

B.

Compensate the seller of an interest-bearing bond for interest earner, (but not paid) relating to the next coupon payment date

C.

Compensate the buyer of an interest-bearing bond for interest earned, (but not paid) relating to the next coupon payment date

D.

Compensate the seller of an interest-bearing bond for interest earned, (but not paid) since the previous coupon payment date

The US regulator 'SEC stands for:

A.

Securities Exchange Corporation

B.

Securities Enterprise Conglomerate

C.

Securities and Exchange Commission

D.

Securities Endeavour Company

The price of a bond trade which excludes accrued interest is known as:

A.

A dirty price

B.

A fresh price

C.

A clean price

D.

A cloudy price