Reading 34: Equity: Markets and Instruments-LOS a 习题精选 2010, different, following, national, towards

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Session 10: Equity Valuation: Valuation Concepts
Reading 34: Equity: Markets and Instruments

LOS a: Explain the origins of different national market organizations.

 

 

 

Which of the following bourses generally has a strong bias towards self-regulation?

A) Private bourses.

B) Public bourses.

C) Traders’ bourses.

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Private bourses were established by individuals for the purpose of securities trading. They are privately owned but publicly regulated with a strong bias towards self-regulation.

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Stock exchanges developed from casual forms of trading in Europe during the 18th century. The three primary forms of bourses were:

A) traders’ bourse, private bourse, and public bourse.

B) bankers’ bourse, traders’ bourse, and semiprivate bourse.

C) private bourse, public bourse, and bankers’ bourse.

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The European models of stock exchanges were derived from private, public, and bankers’ bourses.

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American stock exchanges had their origins and influences from the British:

A) public bourses.

B) private bourses.

C) bankers’ bourses.

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Private bourses were established by individuals for the purpose of securities trading. They are privately owned but publicly regulated with a strong bias towards self-regulation. Many of the private bourses today were directly influenced by and developed from the early British exchanges. This is the most popular model today.

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Which of the following bourses are generally regulated by the government?

A) Bankers’ bourses.

B) Private bourses.

C) Public bourses.

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Public bourses are public institutions with brokers appointed by the government. Public brokerage firm’s commissions and memberships are regulated by government officials. Note that public bourses generally do not exist anymore as most public bourses have converted to private bourses over the years.