The Consolidated Tape Association (CTA) ________

question 51

Multiple Choice

The Consolidated Tape Association (CTA) ________.

• A) oversees the dissemination of real-time trade and quote information (market data) from the NYSE and Amex listed securities (stocks and bonds).
• B) manages two systems to govern the collection, processing and dissemination of trade and quote data: the Consolidated Tape System (CTS) and the Consolidate Quotation System (CQS).
• C) conducts price reporting in the U.S. stock markets.
• D) All of these

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Definitions:

General Journal

A basic accounting record where all types of transactions are initially recorded before being posted to specific accounts in the general ledger.

General Ledger

A complete record of all financial transactions over the life of a company.

Debit Balances

Accounts on the left-hand side of a double-entry bookkeeping system that typically signify assets or expenses.

Permanent Account

An account that carries its ending balance over from one accounting period to the next, such as assets, liabilities, and equity accounts.