When the investor pays a broker only a portion of the entire purchase price of the stock acquired, that investor is said to be buying on _____.
[a] faith
[b] hope
[c] the edge
[d] margin
Every broker/dealer in the U.S who conducts securities business with the public is required to be a member of the _____.
[a] Securities and Exchange Commission
[b] World Bank
[c] National Association of Securities Dealers
[d] Association and Commodities Brokers and Agents
_____are trading rules reducing excessive market volatility and promoting investor confidence that temporarily suspend trading on the New York Stock Exchange.
[a] Circuit breakers
[b] Automated quotations
[c] Auto-buys
[d] Program trades
Before a corporation sells securities, that corporate is required by law to offer future investors the opportunity to read through a document which contains complete information on both the new issue and the corporations. What is the required document called?
[a] affidavit
[b] prospectus
[c] book report
[d] order blank
