Brian and Nancy Both Use the Same Brokerage Firm

question 155

Multiple Choice

Brian and Nancy both use the same brokerage firm. On the same day, Brian puts in a market order to buy 150 shares of Ford stock and Nancy requests to sell 150 shares of Ford stock. The brokerage firm completes this trade by taking the shares from Nancy and giving them to Brian. This exchange is not completed through a security exchange and is called a

• A) security transaction.
• B) full buy order.
• C) short order.
• D) market order.
• E) matched order.

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Definitions:

Sphenoid Bone

A complex, butterfly-shaped bone at the base of the skull, key in forming the base of the cranial cavity and the sides of the skull.

Pituitary Gland

A small, pea-sized gland located at the base of the brain responsible for regulating critical body functions and hormones.

Bent Spine

A condition characterized by a significant curvature or deformity of the spine, such as in scoliosis or kyphosis.

Cartilaginous Tip

The end part of a structure, such as a bone or joint, that is made of cartilage, a flexible connective tissue.