Which One of the Following Statements Currently Applies to a NYSE

question 85

Multiple Choice

Which one of the following statements currently applies to a NYSE broker?

• A)owns a "seat" on the exchange
• B)buys at the bid price
• C)remains at his or her specified post
• D)matches customer buy and sell orders
• E)trades for his or her personal account

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Definitions:

Court Order

A formal, written directive issued by a judge or court that requires a party to do or refrain from doing something.

Checks and Balances

A system that ensures no single branch of government becomes too powerful, by providing each branch with powers to limit or check the others.

United States Constitution

The fundamental legal document that outlines the framework of the national government of the USA, establishing the rights and freedoms of Americans and the distribution of power among branches of government.

Democratic Government

A form of government where power is vested in the people, who rule either directly or through freely elected representatives.