According to behavioural finance, which characteristic is often associated with investors? O Investors are rational decision makers, not emotional. O Investors have a tendency to become overconfident. Investors do not make decisions based on psychological bias O Investors are too cautious because they overestimate investment risk
According to behavioural finance, which characteristic is often associated with investors? O Investors are rational decision makers, not emotional. O Investors have a tendency to become overconfident. Investors do not make decisions based on psychological bias O Investors are too cautious because they overestimate investment risk
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Maalik opens an account for a new client, John. During the new account process. Maalik determines that he will need to confirm John's
identity. Which of the following statements about Maalik's identification requirements is CORRECT?
If Maalik determines that there is anything suspicious about John's transaction, he is required to report the matter to his dealer.
The dealer must report the matter to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
If John wants to make a large cash deposit of $10,000 or more, Maalik is required to collect personal information about John and
report it to his dealer. The dealer must report the information to the Canada Revenue Agency (CRA).
If John attempts to make a suspicious deposit, Maalik is required to report the attempt to his dealer. The dealer must keep
records of attempted suspicious transactions that are not reported to the Financial Transactions and Reports Analysis Centre of
Canada (FINTRAC).
If Maalik learns that John is the president of a state-owned company, Maalik is required to report John as a Politically Exposed
Foreign Person (PEFP) to his dealer. If John is not a US person, the dealer must report the account to the Internal Revenue
Service (IRS).
Transcribed Image Text:According to behavioural finance, which characteristic is often associated with investors?
O Investors are rational decision makers, not emotional.
O Investors have a tendency to become overconfident.
O Investors do not make decisions based on psychological bias.
O Investors are too cautious because they overestimate investment risk
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