Q6. Which of the following statements about securities markets is least accurate? A) The third market is the direct exchange of securities between investors. B) Secondary markets provide liquidity for primary market investors. C) Internal market efficiency means transaction costs are low.
Q7. Which of the following statements about securities markets is least accurate?
A) Characteristics of a well-functioning securities market include: many buyers and sellers willing to trade at below market price, low bid-ask spreads, timely information on price and volume of past transactions, and accurate information on supply and demand. B) A limit buy order and a stop buy order are both placed below the current market price. C) Secondary markets, such as the over-the-counter (OTC) market, provide liquidity and price continuity.
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发表于 2009-1-22 11:38
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