Which of the Following Is a Characteristic of Organized Securities

question 67

Multiple Choice

Which of the following is a characteristic of organized securities exchanges?

• A)Organized securities exchanges facilitate the trading of unlisted securities with the issuer.
• B)Prospectus is primarily traded in organized exchanges.
• C)Organized securities exchanges commonly use pink sheets for trading.
• D)Organized securities exchanges deal in mutual funds only.
• E)Organized securities exchanges are also are known as broker market.

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Definitions:

On-Us Item

A banking term referring to a check or draft that is presented for payment by the same bank upon which it is drawn.

Stale Check

A check that is not presented to a bank within six months of its date.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and simplify the law relating to commerce.

Negotiable Instruments

Financial documents that guarantee the payment of a specific amount of money, either on-demand or at a set time, with examples including checks, promissory notes, and drafts.