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babymother [125]
2 years ago
13

TD Ameritrade is a company that buys and sells stocks and bonds as well as providing its customers with advice on when to buy an

d when to sell. TD Ameritrade is an example of a _____, a type of nondepository financial institution. Group of answer choices
Business
1 answer:
Arisa [49]2 years ago
6 0

TD Ameritrade is an example of a brokerage firm, a type of non depository financial institution.

<h3>What are financial institution?</h3>

Financial institution is referred as statutory body which helps in dealing with the financial transactions which includes withdrawing and depositing of  money, allowing loans and helping in exchange for  the currency.

A brokerage business is a location where stock buyers and sellers can exchange. The company serves as a mediator between buyers and sellers and offers an open trade environment.

This brokerage helps to crack the best deal for their clients. They help to negotiate to get the best resources for business and achieve profit.

Therefore, TD Ameritrade shows the example of brokerage firm.

Learn more about financial institution, here:

brainly.com/question/1122044

#SPJ1

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Fudgin [204]

Answer:

1. As you have to spend more Yens for 1 USD at future date, it means that Yen is selling at discount in the forward market relative to the US Dollar.

2. The spot exchange rate is ¥132.78 per dollar, hence, total dollars Purple Panda Importers will receive today is ¥625 million/¥132.78 = $4.71 million

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Llana [10]

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Rasek [7]

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