What are the main differences between the NYSE and NASDAQ stock markets?
What will be an ideal response?
Answer: The NYSE has a physical location, a geographical address where traders gather to trade, but NASDAQ is an electronic market. Moreover, while the NYSE has one specialist in each stock, NASDAQ has multiple market makers serving the functions of both matching buyers and sellers and trading on their own account.
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A company with a low inventory turnover requires a smaller investment in inventory than one producing the same sales with a higher turnover.
Answer the following statement true (T) or false (F)
Your parents plan to spend $20,000 on a car for you upon graduation from college. If you will graduate in three years and your parents can earn 4.125% annually on their investment, how much money must they set aside today for your car?
A) $20,000 B) $17,704 C) $17,716 D) $16,387
If there are twelve (12 ) or more creditors, at least __________ of those creditors whose unsecured and undisputed claims total __________ or more must sign the involuntary petition
A) one (1 ); $14,425 B) three (3 ); $15,325 C) one (1 ); $15,575 D)three (3 ); $15,575
Kate Davidson signed a simple discount note for $9,000. The discount rate is 5%, and the term of the note is 18 months. What is the effective interest rate? (Round to the nearest tenth percent)
A) 5.4% B) 6.2% C) 4.9% D) 3.8%