D 11 an investor may place a limit order that a

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d 11. An investor may place a limit order that a. limits the amount of commissions b. specifies when the stock will be purchased c. establishes the exchange on which the security is to be bought or sold d. states a price at which the investor seeks to buy or sell a stock b 12. The New York Stock Exchange b 13. If the quote on a stock is reduced, 1. supply exceeded demand 2. demand exceeded supply 3. some potential buyers leave the market 4. some potential buyers enter the market d 14. Entering a sell order at $18.50 when the bid is 18-19 d 15. Buying stock on margin 1. is an example of financial leverage 2. is buying stock with borrowed funds 3. requires leaving the stock with the broker a. 1 and 2 b. 1 and 3 c. 2 and 3 d. all three
a 16. Over-the-counter stock quotes may be obtained through
c 17. The efficient market hypothesis
d 18. Which of the following is inconsistent with efficient securities markets?

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