Thị trường vốnCâu 357 / 398
Which of the following describes the fourth market?
a.Trading of new issues directly from an issuer
b.Trading of listed securities in the OTC market
c.Direct trading of securities between institutions without using an exchange or broker-dealer intermediary
d.The market for municipal securities only
Giải thích
The fourth market refers to direct trading of securities between large institutions, often through electronic communication networks, without the intermediation of a traditional broker-dealer or exchange. The third market, by contrast, is the trading of exchange-listed securities in the OTC market.
Luyện miễn phí toàn bộ 398 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- During the cooling-off period, a registered representative may lawfully do which of the following with a prospective investor?
- The Federal Open Market Committee (FOMC) is the body within the Federal Reserve responsible for:
- An investor is concerned that rising inflation will erode the purchasing power of a bond's fixed interest payments. This concern is known as:
- Which of the following statements about the relationship between the economy and the stock market is MOST accurate?
- In an offering that is entirely secondary, all of the proceeds go to:
- A syndicate uses an 'all-or-none' (AON) underwriting arrangement. What does this mean?
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