RIBO Level 1 Practice Questions - RIBO Level 1 Entry-Level Broker Exam

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RIBO regulations mandate that all registered brokerages maintain at least two separate bank accounts. What are these two accounts?

A Premium Savings Account and a General Expense Account. A Trust Account and an Operating Account. A Commission Account and a Claims Escrow Account. A Client Deposit Account and a Corporate Investment Account.

Correct Answer:

A Trust Account and an Operating Account.

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