1. A bond that can be paid off early at the issuer's discretion is referred to as being which type of bond?
1. Unsecured.
2. Par value.
3. Senior.
4. Callable.
5. Subordinated.
2. A floor broker on the NYSE does which one of the following?
1. Executes orders on behalf of a commission broker.
2. Supervises the commission brokers of a specific financial firm.
3. Is charged with maintaining a liquid, orderly market.
4. Maintains an inventory and assumes the role of a market maker.
5. Trades for his or her personal inventory.