Which of the following apply to a specialist who trades on the floor of the NYSE?

Which of the following apply to a specialist who trades on the floor of the NYSE? I. provides liquidity for an individual security II. partially being replaced by SuperDOT III. pays an annual fee for a trading license IV. acts as a dealer    A.  I and III only B.  II and IV only C.  I, III, and IV only D.  II, III, and IV only E.  I, II, III, and IV Refer to section 8.3

48.

Which one of the following statements related to the NYSE is correct?    A.  Commission brokers work on behalf of brokerage firm clients. B.  Shareholders of NYSE Group, Inc. own "seats" on the exchange. C.  Specialists buy at the asked price. D.  The NYSE is primarily a dealer's market. E.  Floor brokers earn income in the form of a bid-ask spread. Refer to section 8.3

49.

Which one of the following transactions occurs in the primary market?    A.  purchase of 500 shares of GE stock from a current shareholder B.  gift of 100 shares of stock to a charitable organization C.  gift of 200 shares of stock by a mother to her daughter D.  a purchase of newly issued stock from AT&T E.  IBM's purchase of GE stock Refer to section 8.3

50.	Which one of the following statements currently applies to a NYSE broker?    A.  owns a "seat" on the exchange B.  buys at the bid price C.  remains at his or her specified post D.  matches customer buy and sell orders E.  trades for his or her personal account Refer to section 8.3

An individual on the floor of the NYSE who owns a trading license and buys and sells for his or her personal account is called a

An individual on the floor of the NYSE who owns a trading license and buys and sells for his or her personal account is called a:    A.  floor trader. B.  exchange customer. C.  specialist. D.  floor broker. E.  market maker. Refer to section 8.3

19.	Which one of the following is the electronic system used by the NYSE for directly transmitting orders to specialists?    A.  OTCDOT B.  SuperDOT C.  Instinet D.  Internet E.  Floornet Refer to section 8.3

20.	The stream of customer orders coming in to the NYSE trading floor is called the:    A.  paper trail. B.  trading volume. C.  order flow. D.  bid-ask spread. E.  commission trail. Refer to section 8.3

21.	The counter area on the floor of the NYSE where a specialist operates is called a:    A.  pit. B.  hot spot. C.  seat. D.  post. E.  DOT. Refer to section 8.3

The person on the floor of the NYSE who executes buy and sell orders on behalf of customers is called a(n):

The owner of one of the 1,366 trading licenses for the NYSE is called a:    A.  broker. B.  member. C.  agent. D.  specialist. E.  dealer. Refer to section 8.3

15.	The person on the floor of the NYSE who executes buy and sell orders on behalf of customers is called a(n):    A.  floor trader. B.  dealer. C.  specialist. D.  executor. E.  commission broker. Refer to section 8.3

16.	A market maker who acts as a dealer in one or more securities on the floor of the NYSE is called a:    A.  floor trader. B.  floor post. C.  specialist. D.  floor broker. E.  commission broker. Refer to section 8.3

17.

A floor broker on the NYSE does which one of the following?    A.  supervises the commission brokers for a financial firm B.  trades for his or her personal inventory C.  executes orders on behalf of a commission broker D.  maintains an inventory and takes the role of a specialist E.  is charged with maintaining a liquid, orderly market Refer to section 8.3