Chapter 1 Learnsmart 8.3

Someone who maintains an inventory of stocks and buys and sells those stocks is known as a ___.

Dealer

Stock price reporting has increasingly moved from traditional print media to the ___ in recent years.

Internet

Fundamentally, the business of the NYSE is to attract and process ___.

Order flow

The two most important stock markets in the U.S. are the NYSE and ___?

the NASDAQ

NASDAQ has which of these features?

*Multiple market maker system *Computer network for securities dealers

The NYSE differs from the NASDAQ primarliy becuase the NYSE has:

*Specialists *An auction market *A physcial location

A person who brings buyers and sellers together is called a(n) ___.

Broker

The largest number of NYSE members are registered as ___.

Commision Brokers

Which of the following occurs in the primary market?

Newly-issued starks are initally sold