Computer Systems That Match Up Buyers and Sellers of Stocks

question 77

Multiple Choice

Computer systems that match up buyers and sellers of stocks, even at night when the other exchanges are closed, are

• A)the Montreal Exchange.
• B)the over-the-counter (OTC)markets.
• C)the Toronto Stock Exchange.
• D)the regional stock exchanges.

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Definitions:

Accounts Payable

Liabilities of a business that are owed to creditors for goods and services purchased on credit.

Currency Swap

A financial agreement to exchange principal and interest in one currency for the same in another currency.

Derivative Instrument

A financial security whose value is derived from an underlying asset, index, or interest rate, often used for hedging or speculative purposes.

Futures Contract

A legal agreement to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.