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Reading 38- LOS a ~ Q1-4

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

A)   brokers’ bourses.

B)   public bourses.

C)   bankers’ bourses.

D)   private bourses.


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

A)   Private bourses.

B)   Traders’ bourses.

C)   Brokers’ bourses.

D)   Public bourses.


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

A)   Private bourses.

B)   Brokers’ bourses.

C)   Bankers’ bourses.

D)   Public bourses.


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

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

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

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

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



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

A)   brokers’ bourses.

B)   public bourses.

C)   bankers’ bourses.

D)   private bourses.

The correct answer was D)     

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.

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

A)   Private bourses.

B)   Traders’ bourses.

C)   Brokers’ bourses.

D)   Public bourses.

The correct answer was A)

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.

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

A)   Private bourses.

B)   Brokers’ bourses.

C)   Bankers’ bourses.

D)   Public bourses.

The correct answer was D)     

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.

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

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

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

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

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

The correct answer was A)

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

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