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Question 1 of 10
1. Question
Which one is the largest and oldest exchange market in the United States?
Correct
As the largest and oldest exchange market in the United States, the NYSE lists securities.
Incorrect
As the largest and oldest exchange market in the United States, the NYSE lists securities.
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Question 2 of 10
2. Question
Which exchange does regulate options trading and enforces its rules?
Correct
Chicago Board Options Exchange (CBOE) regulates options trading and enforces its rules.
Incorrect
Chicago Board Options Exchange (CBOE) regulates options trading and enforces its rules.
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Question 3 of 10
3. Question
Which of the following statement is true about the fourth market trade?
Correct
The fourth market trades securities between institutions without a brokerage firm.
Incorrect
The fourth market trades securities between institutions without a brokerage firm.
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Question 4 of 10
4. Question
Which of the following bond(s) is(are) traded OTC?
I. U.S. government securities
II. Municipal bonds
III. Corporate bonds
IV. Refunding bondsCorrect
U.S. Government Securities and Municipal Bonds only trade OTC.
Incorrect
U.S. Government Securities and Municipal Bonds only trade OTC.
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Question 5 of 10
5. Question
Which of the following statement(s) is (are) true about NASDAQ?
I. NASDAQ tracks asking prices, bids of stock, and quotes on convertible bonds, preferred stock, and warrants.
II. NASDAQ is comprised of its national market (NNM) stock listings and capital market stocks.
III. To meet the listing requirement of NASDAQ’s NNM, a stock must list for at least $5 and have at least 400 round lot shares.
IV. Capital market stocks of the NASDAQ are stocks that did not meet NNM requirements.Correct
NASDAQ tracks asking prices, bids of stock, and quotes on convertible bonds, preferred stock, and warrants. NASDAQ is comprised of its national market (NNM) stock listings and capital market stocks. To meet the listing requirement of NASDAQ’s NNM, a stock must list for at least $5 and have at least 400 round lot shares. Capital market stocks of the NASDAQ are stocks that did not meet NNM requirements.
Incorrect
NASDAQ tracks asking prices, bids of stock, and quotes on convertible bonds, preferred stock, and warrants. NASDAQ is comprised of its national market (NNM) stock listings and capital market stocks. To meet the listing requirement of NASDAQ’s NNM, a stock must list for at least $5 and have at least 400 round lot shares. Capital market stocks of the NASDAQ are stocks that did not meet NNM requirements.
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Question 6 of 10
6. Question
Which of the following statement(s) is (are) true about the charges of securities?
I. When dealer sells securities for a customer, it charges a mark-down, taken out of the customer’s profit.
II. When a firm acts as a broker, it charges a commission to act as a middle-man.
III. When a dealer buys securities for a customer, it charges a mark-up to the customer.
IV. When dealer sells securities for a customer, it charges a mark-up, taken out of the customer’s profit.Correct
When a dealer buys securities for a customer, it charges a mark-up (sales charge) to the customer. When this same deal- er sells securities for a customer, it charges a mark-down, taken out of the customer’s profit. When a firm acts as a broker, it charges a commission to act as a middle-man.
Incorrect
When a dealer buys securities for a customer, it charges a mark-up (sales charge) to the customer. When this same deal- er sells securities for a customer, it charges a mark-down, taken out of the customer’s profit. When a firm acts as a broker, it charges a commission to act as a middle-man.
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Question 7 of 10
7. Question
Which of the following does NASDAQ track on convertible bonds, preferred stock, and warrants?
I. Asking prices
II. Bids of stock
III. Quotes
IV. Sale chargeCorrect
NASDAQ tracks asking prices, bids of stock, and quotes on convertible bonds, preferred stock, and warrants.
Incorrect
NASDAQ tracks asking prices, bids of stock, and quotes on convertible bonds, preferred stock, and warrants.
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Question 8 of 10
8. Question
Which of the following statement(s) is(are) correct?
To meet the listing requirement of NASDAQ’s NNM, a stock must list for-
I. at least $5 and have at least 40000 round lot shares.
II. at least $400 and have at least 5 round lot shares.
III. at least $5 and have at least 400 round lot shares.
IV. at least $5 and have at least 40000 shares.Correct
To meet the listing requirement of NASDAQ’s NNM, a stock must list for at least $5 and have at least 400 round lot shares (100 shares make up a round lot), so 40,000 shares.
Incorrect
To meet the listing requirement of NASDAQ’s NNM, a stock must list for at least $5 and have at least 400 round lot shares (100 shares make up a round lot), so 40,000 shares.
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Question 9 of 10
9. Question
Which of the following statement(s) is(are) correct about Market order?
I. Market orders are orders of securities that are executed immediately and at the best price.
II. Market orders come as buy orders, sell orders, or selling short orders.
III. Buy and sell orders are self-explanatory.
IV. All market order must go through a margin account to ensure the seller can pay even if great losses are incurred.Correct
Market orders are orders of securities that are executed immediately and at the best price. Market orders come as buy orders, sell orders, or selling short orders.
Buy and sell orders are self-explanatory.Incorrect
Market orders are orders of securities that are executed immediately and at the best price. Market orders come as buy orders, sell orders, or selling short orders.
Buy and sell orders are self-explanatory. -
Question 10 of 10
10. Question
“The customer wants to buy or sell a security at a certain market price, to increase profit.”- What type of order it is?
Correct
A limit order is also a conditional order: the customer wants to buy or sell a security at a certain market price, to increase profit.
Incorrect
A limit order is also a conditional order: the customer wants to buy or sell a security at a certain market price, to increase profit.