Which Statement Below Is Correct About the Financial Industry Regulatory

question 1

Multiple Choice

Which statement below is correct about the Financial Industry Regulatory Authority (FINRA) ?

• A) FINRA is the successor to NASDAQ.
• B) FINRA was created as a regulator of the stock market during the 1930s.
• C) FINRA is the new name for NASD.
• D) NASD and the member regulation,enforcement,and arbitration functions of the New York Stock Exchange were consolidated to form FINRA.
• E) FINRA operates the NASDAQ Stock Market LLC.

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Definitions:

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much one currency is worth in terms of another.

Supply and Demand

Economic model that determines the price of a commodity in a market, based on the availability of the commodity (supply) and the desire for it (demand).

Francs

A former currency unit used in France and several other countries before the adoption of the euro, also still used in some parts of Switzerland and Liechtenstein.

Exchange Rate

The exchange rate is the price at which one currency can be exchanged for another, affecting imports, exports, and international investments.