A client at your firm has a portfolio consisting exclusively of commercial paper and banker's acceptances. Based on these holdings you would conclude that this client A) is taking precautions to minimize risk B) is not interested in equities C) is seeking returns above those of standard money market rates D) is in a high tax bracket and needs tax free income

Question

02-06-2022
Business

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A client at your firm has a portfolio consisting exclusively of commercial paper and banker's acceptances. Based on these holdings you would conclude that this client A) is taking precautions to minimize risk B) is not interested in equities C) is seeking returns above those of standard money market rates D) is in a high tax bracket and needs tax free income

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topeadeniran2 topeadeniran2 · Answer 1 · 2022-06-15T17:35:35+02:00

A client at your firm has a portfolio consisting exclusively of commercial paper and banker's acceptances is A. taking precautions to minimize risk.

Who is a client?

It should be noted that a client simply means an individual using the service of a professional body.

In this case, a client at your firm has a portfolio consisting exclusively of commercial paper and banker's acceptances is taking precautions to minimize risk.

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