Compare and contrast organized exchanges and OTC markets. List the nine major U.S. stock exchanges in the secondary market
What will be an ideal response?
Answer: An organized exchange occupies a physical location (building) where trading occurs. Over-the-counter transactions do not require you to go to a physical site. They are handled over the phone or via a computer hookup.
The nine major organized exchanges are:
1. NYSE
2. AMEX
3. Pacific
4. Chicago
5. Philadelphia
6. Cincinnati
7. Intermountain
8. Spokane
9. Boston
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If a credit card is issued to a consumer under the age of 21, the credit card company is required to
A. notify the cardholder's parents so they can monitor their child. B. give a 60-day notice before making any rate hikes. C. obtain the signature of a cosigner who has the means to repay any debt. D. set reasonable spending limits.
Deandra has a very healthy social life. She spends her days volunteering at her kid’s school, working out, and taking care of her family. She feels good about herself, enjoys her life, and feels that she is respected in her community. This excerpt of Deandra’s life falls into what level of Maslow’s hierarchy of needs?
A. esteem B. love/belonging C. safety D. physiological
If a firm has substantial capital or financing leases disclosed in the notes but not capitalized in the financial statements, then:
a. the times interest earned ratio will be overstated, based upon the financial statements. b. the fixed charge ratio will be overstated, based upon the financial statements. c. the debt ratio will be understated. d. the working capital will be understated. e. None of the answers are correct.
Form 10-K is submitted to the
a. FASB. b. GASB. c. IRS. d. SEC.