The American Stock Exchange is most commonly noted for which of the following securities that trade there? Show I. Oil and gas companies II. Foreign stocks III. Options IV. Dually listed NYSE stocks
Which of the following situations constitutes a dual listing for an underlying security?
Which of the following exchanges is representative of a major exchange in the United States? I. NYSE II. AMEX III. OTC IV. Regional exchanges
The National Association of Securities Dealers (NASD) enforces the rules and regulations for which of the following exchanges? I. The NYSE II. The AMEX III. The OTC IV. The CBOE
The Over-the-Counter market is set up as which of the following types of markets?
If a broker/dealer in Tokyo, Japan, wants to buy 1000 shares of General Motors when the NYSE is closed, where can he get his order filled?
An NYSE member firm receives an order from a trader in London at 7:00 p.m. New York time to purchase 500 shares of IBM at the best possible price immediately. Which of the following scenarios best describes what the NYSE member could do in handling the trade?
Which of the following statements regarding the Instinet Market are true? I. It provides trading between large institutional investors. II. It is registered with the SEC as a stock exchange. III. It was created to save on brokerage commissions. IV. It is part of the fourth market of the secondary market.
A broker/dealer that sells a security out of its own inventory to a customer in the OTC market is acting as a what?
Which of the following statements are true regarding Over-the-Counter broker/dealers? I. All broker/dealers maintain an inventory of every Over-the-Counter security. II. A majority of initial public offerings are brought to the market by OTC brokers. III. All broker/dealers must be a member of the NASD. IV. They can only sell securities for which they are a market maker to their customers.
The Maloney Act of 1938 was designed to regulate which of the following exchanges?
The NASD was created by the approval of which of the following entities?
Securities that do not meet the listing requirements of the NASDAQ system have their quoted prices printed in what?
When an Over-the-Counter broker/dealer executes an order for its client, which of the following information is required on the confirmation that is sent to the client? I. The price of the security II. The role the broker/dealer acted as III. The commission, if any, that was charged IV. The name of the security that was bought or sold
The highest price that an individual is willing to pay for an OTC stock is known as what?
The lowest price at which an individual is willing to sell a security in the OTC market is known as what?
Stocks that have a wide spread in the market are considered securities that have which of the following characteristics?
The Security Act of 1934 was established to regulate all the following actions except what?
The Securities and Exchange Commission was created to regulate the securities industry under which of the following acts of government legislation?
Which of the following statements are true regarding the regulation of margin accounts in the brokerage industry? I. Margin is the amount that a customer must deposit with his or her broker when purchasing securities in a margin account. II. Margin is the amount that a customer can borrow in his or her margin account when purchasing securities. III. Regulation T covers the extension of credit to customers by brokers, dealers, and members. IV. Regulation U covers the limit on the amount of credit that a bank may extend a customer to purchase margined securities.
The short sale rule under the Act of 1934 states that all the following are true except what?
Tom Gordon enters an order with his broker to sell short 100 shares of QVC. Which of the following trades will trigger his short sale of QVC stock? 33 1/8...33...33 1/4 ...33 1/4 ...33 1/2 sld...33 5/8...33 3/8...
Which of the following entities is not required to register with the SEC?
The authority to establish margin requirements was given to which of the following entities under the Securities Act of 1934?
Rule 10-B-5 under the Insider Trading and Enforcement Act of 1988 states which of the following to be true?
Which of the following is a characteristic of treasury bills?Which of the following characteristics describe Treasury bills? Treasury bills are issued at a discount and pay all interest at maturity.
Which of the following does not have loan value for purposes of this calculation?Which of the following does NOT have loan value for purposes of this calculation? Equity option contracts, including both put contracts and call contracts ~Standard or traditional option contracts have NO LOAN VALUE.
Which of the following does not issue federal agency debt quizlet?Which of the following does NOT issue federal agency debt? The Federal Reserve Board is not a debt-issuing agency, it is a part of the Federal Reserve System.
Which of the following is not within the normal scope of duty for municipal bond council?Which of the following is NOT within the normal scope of duty for municipal bond counsel? Review and approval of the re-offering yields of the bonds.
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