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Stock Market Basics

Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Difference between closing price of previous day and current day






2. The person(s) resposible for implementing a fund's investing strategy and managing its portfolio trading activities






3. Securities market where dealers buy and sell securities for their own inventories; NASDAQ is one example






4. Once the stock price reaches the preset stop price the order is converted ito a limit order






5. A market characterized by rising prices for securities






6. Buys & sells for clients at a reduced commission. They offer little or no investment advice.






7. Financing for new - often high-risk ventures






8. A stock selling for less that $1/share; usually high risk






9. Stop order is where the customer specifies a stop price in which once it's reached - it is converted into a market order






10. That part of the earnings of a corporation that is distributed to its shareholders






11. A certificate documenting the shareholder's ownership in the corporation. There is no guarantee of making money with a stock.






12. Another name for IPO - b/c shares are not available to the public before the IPO






13. 1directly with other investors - indirectly through a broker who arranges transactions with others - directly with a dealer who buys and sells securities from inventory






14. A group of underwriters formed to share the risk and to help sell an issue






15. Equity financing for nonpublic companies






16. A person who buys or sells stocks for another in exchange for a commission






17. NASDAQ was opened to his which is a website that allowed investors to trade directly with one another;






18. Also known as secondary and follow-on offering






19. Bid- price dealer is willing to pay - ask- price dealer will sell at






20. Securities or SEO offered to the public on a first-come first serve basis






21. New York Stock Exchange






22. NASDAQ was opened to his which is a website that allowed investors to trade directly with one another;






23. Trading that occurs off the exchange on which the security is listed and fourth market is the direct trading of exchange-listed securities maong investors






24. Stock from nationally recognized companies which dominate the industry often having annual revenue of one billion or more






25. New York Stock Exchange






26. Stop order is where the customer specifies a stop price in which once it's reached - it is converted into a market order






27. A certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money






28. Difference between closing price of previous day and current day






29. The market in which securities that are not listed on exchanges are traded






30. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded






31. Price/earnings






32. Detailed acct of company's financial position - its operations - and its investment plans for the future which is submitted to SEC for approval






33. A list of the financial assets held by an individual or a bank or other financial institution






34. The person(s) resposible for implementing a fund's investing strategy and managing its portfolio trading activities






35. A market characterized by falling prices for securities






36. Mutual fund in which shares are sold without a commission or sales charge






37. 1directly with other investors - indirectly through a broker who arranges transactions with others - directly with a dealer who buys and sells securities from inventory






38. Bid- price dealer is willing to pay - ask- price dealer will sell at






39. NASDAQ is a computer network with no physical location and has a multiple market maker system rather than a specialist system






40. A certificate documenting the shareholder's ownership in the corporation. There is no guarantee of making money with a stock.






41. When issuer sells the entire issue to the underwriters






42. Buys & sells for clients at a reduced commission. They offer little or no investment advice.






43. A list of the financial assets held by an individual or a bank or other financial institution






44. Underwriter doesn't guarantee any particular amount of money to the issuer






45. Financing for new - often high-risk ventures






46. A market characterized by rising prices for securities






47. A computerized data system to provide brokers with price quotations for securities traded over the counter






48. Also known as secondary and follow-on offering






49. An order to a broker to sell (buy) when the price of a security falls (rises) to a designated level






50. Mutual fund in which shares are sold without a commission or sales charge







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