Series 24: Chapter 5 Practice Questions

Chapter 5 Practice Questions

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 that sells a specific stock out of its 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
14. C. Broker-dealer
15. D. Two-dollar broker
16. 4. A market-wide trading halt is triggered when:
17. A. The S&P 500 declines by 13% after 3:45 p.m. ET
18. B. The S&P 500 declines by 7% prior to 2:00 p.m. ET
19. C. The S&P 500 declines by 7% at any time during the day
20. D. The S&P 500 declines by 20% at any time during the day
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 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 a.m. to 4:00 p.m.
33. B. 9:30 a.m. to 4:00 p.m.
34. C. 9:30 a.m. to 4:30 p.m.
35. D. 7:00 a.m. to 4:30 p.m.