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Example Questions from the Exam Facts 79 Book:

Define alternative type of trading system that facilitates computerized trading of financial products away from an exchange is known as what?

AN ECN - Electronic Communications Network.

The government raises taxes to influence economic performance.

Is this an example of Fiscal or Monetary Policy?

Expansionary or contractionary?

Contractionary Fiscal Policy.

Define the direct trading of exchange listed securities that takes place away from an exchange

A third-market transaction. 

Define a market widely used for both speculation and hedging of risk

Derivatives Market 

Following an initial offering, the subsequent trading of stocks occurs in what market (general term)?

Secondary market.

Define the OTC Bulletin Board

Quotation facility (not a trading platform) for non-exchange listed securities. Unlike pink sheets, OTCBB requires quoted companies to submit financials to SEC and have at least 1 market maker.