Specialists Are Also Responsible for Balancing Buy and Sell Orders

question 45

True/False

Specialists are also responsible for balancing buy and sell orders at the opening of the trading day in order to arrange an equitable opening price for the stock.

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Definitions:

Half Time

A term typically associated with employment or academic status, indicating a work or study load that is half of what is considered full time.

Ratio

A quantitative relationship between two numbers, showing how many times one value contains or is contained within the other.

Fair Market Value

The estimated price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.

Book Values

A term used in accounting to refer to the value of an asset as reported on the company's balance sheet, calculated as the cost of an asset minus any depreciation or amortization.