Q1. Which of the following is least likely a characteristic of a well-functioning market? A) Prices change significantly from one transaction to the next. B) Reliable information is available on price and volume. C) Prices adjust quickly when new information becomes available.
Q2. Which of the following statements about the financial markets is least accurate?
A) The New York Stock Exchange sets the initial margin requirements for stocks. B) Exchange listed stocks trading over the counter are called the third market. C) The National Association of Securities Dealers Automated Quotation system (NASDAQ) is an electronic quotation system for the OTC market.
Q3. In a well-functioning securities market:
A) portfolio managers assist clients with diversifying globally to reduce systematic risk. B) participants have timely information on the prices and volumes of transactions. C) major news announcements usually coincide.
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发表于 2009-1-22 11:32
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