What Is True of Stock Exchanges in the United States

question 87

Multiple Choice

What is true of stock exchanges in the United States?

• A)There are two major stock exchanges in New York, several smaller regional exchanges across the nation, and over-the-counter trading via NASDAQ.
• B)The New York Stock Exchange is the only stock exchange in the United States.
• C)There are only two stock exchanges, NYSE and AMEX.
• D)There are only three stock exchanges, NYSE, AMEX, and NASDAQ.

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Definitions:

Loanable Funds

The money available for borrowing; the market wherein savers supply funds to borrowers, typically through financial intermediaries.

Interest Rates

The rate at which a borrower is charged interest for borrowing money from a lender.

Perpetuity

An annuity in which the periodic payments begin on a fixed date and continue indefinitely.

Long-Term Bonds

Debt securities with a maturity of more than 10 years, offering periodic interest payments.