D. Customs because that is what happens when anything or any one pgoes somewhere foreign
D. Increased personal workload
The investment adviser would not be permitted to accept securities from a customer that are registered in customer name if administrator prohibit him from taking custody of customer, as per Securities and Exchange Commission.
As per the Securities and Exchange Commission, The Commission has amended the custody rule in accordance with the Investment Advisers Act of 1940. The amendments modernize the rule by bringing it in line with modern custodial practices and requiring advisers who have custody of client funds or securities to keep those assets in the custody of broker-dealers, banks, or other qualified custodians. The amended rule also defines "custody" and illustrates situations in which an adviser has custody of client funds or securities. The amendments are intended to improve client asset protection while reducing the burden on advisers who have custody of client asset.
Learn more about Securities and Exchange Commission here:
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Answer: b. The instrument is correlated with x1.
d. The instrument does not directly influence y, except through x1.
Explanation:
Based on the information given in the question, the necessary characteristics of a suitable instrument include:
• The instrument is correlated with x1.
• The instrument does not directly influence y, except through x1.
Some of the criteria for an instrument variable are the fact that it should have a causal effect on independent variable and also the dependent variable isn't directly affected except through the independent variable which is x1 in this scenario.
Therefore, the correct option are B and D.
