8. The use of the Internet to trade and underwrite securities
Difficulty: Moderate9. Initial margin requirements are determined by A. the Securities and Exchange Commission.B.the Federal Reserve System.C. the New York Stock Exchange.D. B and C.E. A and BThe Board of Governors of the Federal Reserve System determines initial margin requirements. The New York Stock Exchange determines maintenance margin requirements on NYSE-listed stocks; however, brokers usually set maintenance margin requirements above those established by the NYSE.
Difficulty: Moderate10. You purchased JNJ stock at $50 per share. The stock is currently selling at $65. Your gains may be protected by placing a __________.