IIA
IIA-CFSA · Question #365
IIA-CFSA Question #365: Real Exam Question with Answer & Explanation
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Question
Banks also serves as "registrar" for stocks and bond issues. The registrar accounts for all shares issued, certificates outstanding, and Certificates cancelled. The role/s of the registrar is/are:
Options
- ATo ensure that the transfer agent does not issue too many shares
- BThat old certificates are properly cancelled
- CThat new certificates are properly issued in the correct numerical sequence
- DAll of these
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