It acts like a bank and keeps securities in electronic form on behalf of the investor,
A)Depository Participant
B)Depository
C)Stock exchange
D)None of the above

Question

Quizplus · Accepted Answer

Depositories hold securities (like stocks, bonds, etc.) in electronic form and facilitate their trading, making the process more efficient and secure. They act as a bank for securities, allowing for easier transfer and management of ownership.

It Acts Like a Bank and Keeps Securities in Electronic