Review Quiz

1. 1. Under NYSE rules, a U.S. domestic issuer must satisfy which of the following listing requirements?
2. A. it must have 400 stockholders and 1.1 million common shares outstanding
3. B. it must have 200 stockholders and 1 million common shares outstanding
4. C. it must have 400 stockholders and 1.1 million preferred shares outstanding
5. D. it must have 200 stockholders and 1 million preferred shares outstanding
6. 2. Which of the following orders becomes a market order when a stock has begun to trade at or through a price specified by a client?
7. A. stop-limit order
8. B. stop order
9. C. limit order
10. D. market order
11. 3. A New York Stock Exchange member who sells a specific stock out of his own account and maintains an orderly market for the shares of that stock is considered a:
12. A. transfer agent
13. B. designated market maker/specialist
14. C. broker-dealer
15. D. two-dollar broker
16. 4. The NYSE will halt all trading for two hours when:
17. A. the Dow Jones industrial Average (DJIA) declines 10% before 1:00 PM
18. B. the DJIA declines 10% after 2:00 PM
19. C. the DJIA declines 20% before 1:00 PM
20. D. the DJIA declines 20% after 2:00 PM
21. 5. To be initially listed on the NASDAQ Capital Market, how many market makers must the issuer have?
22. A. at least two
23. B. at least three
24. C. at least four
25. D. it is not a requirement
26. 6. FINRA considers the issuance of, the display of, and the trade reporting with additional Market Participant Identifiers (MPIDs) to be a(n):
27. A. right
28. B. privilege
29. C. obligation
30. D. violation
31. 7. NASDAQ Market Trading hours are:
32. A. 4:00 AM to 4:00 PM
33. B. 9:30 AM to 4:00 PM
34. C. 9:30 AM to 4:30 PM
35. D. 7:00 AM to 4:30 PM
36. 8. An order is entered for 425 shares of XYZ Corporation. Which of the following terms most likely