2008 CFA Level 1 － Sample 样题(2)－Q40 black, class, style

bingning

40、Which of the following statements is most accurate? A continuous market most likely exists for a stock when:

A. trading in the stock takes place at specified times.

B. numerous dealers are willing to make a market in the stock.

C. an overnight buildup of buy and sell orders for the stock occurs.

D. significant new information about the company is released to market participants.

[此贴子已经被作者于2008-11-7 13:21:29编辑过]

bingning

40、Which of the following statements is most accurate? A continuous market most likely exists for a stock when:

A. trading in the stock takes place at specified times.

B. numerous dealers are willing to make a market in the stock.

C. an overnight buildup of buy and sell orders for the stock occurs.

D. significant new information about the company is released to market participants.

 
Correct answer = B

"Organization and Functioning of Securities Markets," Frank K. Reilly and Keith C. Brown
2008 Modular Level I, Vol. 5, pp. 14-15
Study Session 13-52-c
distinguish between call and continuous markets
A continuous market is one in which trades can occur at any time. When numerous dealers are willing to buy and sell for their own account, trades can occur at any time during the hours of trading. 

fatiger

K

isaisaisa

d

leeh

up

oleander

b

tannyyu

sdad

vivivin

re

lucylu

thanks

malachite

guess b