Author Question: Investment banks are institutions that ________. A) perform all activities of commercial banks ... (Read 95 times)

scienceeasy · **on:** Jul 11, 2018

Investment banks are institutions that ________.

A) perform all activities of commercial banks and retail banks
B) are exempted from Securities and Exchange Commission regulations
C) engage in trading and market making activities
D) are only limited to capital market activities

Question 2

The tax treatment regarding the sale of existing assets that are sold for more than the book value but less than the original purchase price results in a(n) ________.

A) ordinary tax benefit
B) capital gain tax liability
C) recaptured depreciation taxed as ordinary income
D) capital gain tax liability and recaptured depreciation taxed as ordinary income