Answer:
Option C, a municipal securities broker's broker.
Explanation:
Option “C” is correct because these broker acts on the behalf of the client and perform all the transactions without exhibiting their client’s details in the market. Moreover, the broker maintains the bonds or securities and it focuses on the profit-making aspects. Finally, the broker receives the commission for their service and the client receives the profit or rate of return from the securities.
A chart of accounts lists the accounts and balances at a specific time is the true statement, as it a digestible breakdown of all transactions.
<h3>What is a chart of accounts?</h3>
chart of accounts is a list of all the accounting records in a company's general ledger. In a nutshell, it's an organizational tool that breaks down all of a company's financial transactions into subcategories and presents them in an easily understandable format.
Thus, it is a true statement.
For further deatils about chart of accounts click here:
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