Everything You Need to Pass: finra SERIES_6

All government bonds and the majority of corporate bonds are traded:

Which of the following types of securities would not be traded in the over-the-counter market?I. stock options -II. government bonds -III. corporate bonds -IV. corporate stocks -

Which of the following are duties of the specialist on an exchange floor?I. executing limit orders if/when the limit price specified is reachedII. minimizing any imbalance in supply and demand for the stock(s) that the specialist is assignedIII. determining an opening price for each assigned stock every dayIV. serving as an auctioneer for the shares of the assigned stocks

The price at which an investor can sell a security to a market maker in the over-the-counter market is called the:

Mary is interested in buying shares of the Lambchops Corporation, which sells over-the-counter. The market maker with the best bid price--$3.15--is VeggieInvestments. The market maker with the best ask price--$3.27-is Carnivor Investments. Mary conducts trades in NYSE-listed stocks through her broker, Omnivor and Associates.Given this scenario, which of the following statements is true?

Which of the following statements about the over-the-counter market is true?