The Member of the New York Stock Exchange Who Acts

question 81

Multiple Choice

The member of the New York Stock Exchange who acts as a dealer on assigned stocks is known as a

• A) Registered trader.
• B) Commission broker.
• C) Registered broker.
• D) Floor broker.
• E) Specialist.

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Definitions:

Business Activity

The various actions a business engages in as part of its operations, ranging from production to sales.

1929

The year marked by the stock market crash in October, which led to the Great Depression, a severe worldwide economic downturn.

High Inflation

Is a term describing a situation where prices for goods and services rise excessively, reducing purchasing power and potentially destabilizing the economy.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, usually identified by a fall in GDP in two successive quarters.