NASDAQ Subscriber Levels

question 10

Multiple Choice

NASDAQ subscriber levels

• A) permit those with the highest level, 3, to "make a market" in the security.
• B) permit those with a level 2 subscription to receive all bid and ask quotes but not to enter their own quotes.
• C) permit level 1 subscribers to receive general information about prices.
• D) include all OTC stocks.
• E) permit those with the highest level, 3, to "make a market" in the security; permit those with a level 2 subscription to receive all bid and ask quotes but not to enter their own quotes; and permit level 1 subscribers to receive general information about prices.

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Definitions:

Payee

The person or entity to whom a payment is to be made or who receives the payment.

Negotiable Instruments

Financial documents, like checks or promissory notes, that guarantee payment of a specific amount of money to the bearer under certain conditions.

UCC

Stands for Uniform Commercial Code, which is a comprehensive set of laws governing all commercial transactions in the United States.

Anglo-American Law

A legal system originating in England and now prevalent in the United States and many Commonwealth countries, characterized by the doctrine of precedent.