Final answer:
The subject of this question is Business. The grade of this question is College. A Broker-Dealer is a financial firm that has the ability to conduct trade executions, clear and settle transactions, take custody of customer funds and securities, and handle all back office tasks related to these activities.
Step-by-step explanation:
The subject of this question
The subject of this question is Business.
The grade of this question
The grade of this question is College.
Detailed Answer:
The type of business mentioned in this question is a Broker-Dealer (BD). A Broker-Dealer is a financial firm that has the ability to conduct trade executions, clear and settle transactions, take custody of customer funds and securities, and handle all back office tasks related to these activities. Broker-Dealers play a crucial role in the functioning of financial markets by facilitating the buying and selling of securities.