Question

_____________ refers to the substitution of paper-form securities by book-entry securities.

a.

Rematerialisation

b.

Materialization

c.

Dematerialization

d.

Prematerialisation

Answer: (c).Dematerialization Explanation:Dematerialization refers to the substitution of paper-form securities by book-entry securities. In the context of financial markets, dematerialization involves converting physical certificates of financial instruments, such as stocks and bonds, into electronic form. This transition to electronic or digital records simplifies trading, reduces paperwork, and enhances efficiency in the securities market.

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Q. _____________ refers to the substitution of paper-form securities by book-entry securities.

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