Series 24: Review Quiz

Review Quiz

1. 1. To be initially listed on the Nasdaq Capital Market, how many market makers must the issuer have?
2. A. at least two
3. B. at least three
4. C. at least four
5. D. it is not a requirement
6. 2. FINRA considers the issuance of, the display of, and the trade reporting with Additional Market Participant Identifiers (MPIDs) to be a(n):
7. A. right
8. B. privilege
9. C. obligation
10. D. violation
11. 3. The inside market is best described as:
12. A. investors using information not yet public
13. B. the best bid and best ask
14. C. the price available to institutional investors
15. D. trades directly between institutional investors without a broker, usually through ECNs
16. 4. NASDAQ Market Trading hours are:
17. A. 7:00 AM to 4:00 PM
18. B. 9:30 AM to 4:00 PM
19. C. 9:30 AM to 4:30 PM
20. D. 7:00 AM to 4:30 PM
21. 5. An order is entered for 425 shares of XYZ Corporation. Which of the following terms most likely describes the order?
22. A. mixed lot
23. B. odd lot
24. C. round lot
25. D. none of these choices
26. 6. How are System order