财务管理 CHAPTER 1

DEALER MARKETS c 55. Dealer markets: a. are reserved strictly for trading debt securities. b. only exist outside of the United States. c. are called over-the-counter markets. d. include the American Exchange and the Pacific Stock Exchange. e. list only the securities of the largest firms.

NYSE

a 56. Which one of the following statements is correct concerning the NYSE? a. A firm is expected to have a market value for its publicly held shares of at least

$100 million to be listed on the NYSE.

b. The NYSE is the largest dealer market for listed securities in the United States. c. The NYSE accounts for only 50 percent of the shares traded in the auction markets. d. Any corporation desiring to be listed on the NYSE can do so. e. The NYSE is an over-the-counter exchange functioning as both a primary and a

secondary market.

NASDAQ

d 57. Which of the following statements concerning NASDAQ are correct? I. Most smaller firms are listed on NASDAQ rather than on the NYSE. II. NASDAQ is an electronic market. III. NASDAQ is an auction market. IV. NASDAQ is an OTC market. a. I and II only b. I and III only c. II and IV only d. I, II, and IV only e. I, II, III, and IV