Investments An Introduction 12th Edition BY Herbert-Test Bank

Test Bank For Investments An Overview 12th Edition BY Herbert

ISBN-10:1305638417, ISBN-13:978-1305638419

Chapter 2 Securities Markets

TRUE/FALSE

True 1. A significant function of structured securities markets is to facilitate the transfer of securities among purchasers.

True 2. A “standard lot” is the total unit for trading in a security.

True 3. Buying 53 shares of IBM constitutes an irregular lot.

False 4. In case a stock is marked 20.04-20.25, an investor can vend it for 20.25.

True 5. If a stock is marked 12.79-13.02, an investor can buy it for 13.02.

True 6. The distance between the bid and ask prices should be regarded as one of the expenses of investing.

True 7. Market creators commit to purchasing and selling at least one standard lot at the prices they provide.

False 8. Market creators establish the range of securities prices.

True 9. The New York Stock Exchange is an illustration of a secondary marketplace.

True 10. Publicly owned stock not listed on an exchange (NYSE) is exchanged in the over-the-counter markets such as the Nasdaq stock market.

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