Giao dịch, Tài khoản & Hành vi cấmCâu 198 / 398
Which of the following best distinguishes a securities exchange from the OTC market?
a.An exchange trades only bonds, while the OTC market trades only stocks
b.An exchange is unregulated, while the OTC market is regulated by FINRA
c.An exchange never uses market makers of any kind
d.An exchange is a centralized auction market, while the OTC market is a decentralized negotiated market
Giải thích
An exchange operates as a centralized auction market where competing bids and offers meet, whereas the OTC market is a decentralized, dealer-negotiated market. Both are regulated, and both trade a range of securities.
Trích dẫn luật: Securities Exchange Act of 1934Luyện miễn phí toàn bộ 398 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A company with shares trading at $2 declares a 1-for-10 reverse stock split. What happens to an investor holding 1,000 shares?
- Compared with a stock that has a wide bid-ask spread, a stock with a very narrow spread most likely indicates:
- In the sequence of dividend dates, which date is when the board of directors formally announces that a dividend will be paid?
- Under T+1 regular-way settlement, how does the ex-dividend date relate to the record date?
- When a retail customer places a market order to buy stock from a dealer, at which price will the customer generally buy?
- What happens to a standard stop order once the market reaches the stop price?
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với FINRA Securities Industry Essentials (SIE) Exam · Quy trình kiểm tra