IIA
IIA-CFSA · Question #201
IIA-CFSA Question #201: Real Exam Question with Answer & Explanation
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Question
Securities lending refers to the practice of temporarily transferring securities to a borrower with the intent that the lender will buy them back at a future date. The borrower is required to return the securities to the lender, either on demand or at a specified time. A major reason for securities lending is:
Options
- ATo circulate the issued capital
- BTo facilitate short sale
- CTo facilitate over the counter trade
- DTo fasten secondary market trading
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