FIN 4604 FINAL EXAMINATION QUESTIONS. ALL EXAM REVISION QUESTIONS AND CORRECT ANSWERS (ALREADY GRADED A+) (2024 UPDATE)
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Course
FINC - Finance
Institution
FINC - Finance
FIN 4604 FINAL EXAMINATION QUESTIONS. ALL EXAM REVISION QUESTIONS
AND CORRECT ANSWERS (ALREADY GRADED A+) (2024 UPDATE).
In a dealer market, the broker takes the trade through the dealer, who participates in trades as a
principal by buying and selling the security for his own account - ANSWER-...
A measure of "liquidity" for a stock market is - ANSWER- the ratio of stock market transactions
over a period of time divided by the size, or market capitalization, of the stock market.
As a measure of liquidity, - ANSWER- generally, the higher the turnover, the greater the
liquidity of a secondary stock market
Generally, the lower the turnover ratio, - ANSWER- the less liquid the secondary stock market,
indicating difficulty in trading
In which type of market can liquidity "dry up"? - ANSWER- Panic
Fair prices for existing issues is established in the secondary market due to - ANSWER-
competitive trading between buyers and sellers
Over-the-counter stocks are generally - ANSWER- unlisted stocks
The first automated national stock market was the - ANSWER- TMX
A stop-limit order is an order to buy or sell a stock that combines the features of a stop order and
a limit order. Once the stop price is touched in the market, the stop-limit order becomes a limit
order to buy or to sell at the limit price. Which of the following are true? - ANSWER- all of
the options
, A specialist on the NYSE - ANSWER- is obliged to fill limit orders if they are more favorable
than the specialist's posted bid and ask quotes
A "call market" - ANSWER- features an agent of the exchange that accumulates a batch of
orders that are periodically executed by written or verbal auction throughout the day
Call markets and crowd trading offer advantages for ________ because they mitigate the
possibility of sparse order flow over short time periods - ANSWER- thinly traded issues
On the NYSE, limit order prices receive preference in establishing the posted bid and ask prices if
they are more favorable than the specialist's. Therefore, - ANSWER- specialists must fill a limit
order, if possible, from the flow of public orders before trading for his own account
The large exchange markets in the United States are - ANSWER- agency/auction markets.
"Call market" and "crowd trading" take place on - ANSWER- a non-continuous exchange
trading system
On September 22, 2000, Euronext was formed as a result of a merger of the - ANSWER- All
of the options
A firm may cross-list its share to - ANSWER- all of the options
Advantages of cross-listing include - ANSWER- all of the options
"Yankee" stock offerings are - ANSWER- dollar-denominated shares in foreign companies
originally sold to U.S. investors
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