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12 Cards in this Set
- Front
- Back
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Competitive markets for securities with maturities of one year or less.
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Money Markets
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Competitive markets for equity securities or debt securities with maturities of more than one year.
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Capital Markets
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Securities issued by state and local government units.
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Municipal Securities
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A financial institution that directs other peoples money into such investments as government and corporate securities.
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Financial Intermediaries
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The buying and selling of publicly owned securities in secondary markets.
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Secondary Trading
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Electronic trading systems that automatically match buy and sell orders at specific prices
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Electronic Communication Networks (ECN)
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Exists when one security is traded on more than one stock exchange.
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Dual Trading
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The economy consists of three sectors which are government, business, and household. What is it called?
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Three Sector Economy
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Financial standards that corporations must meet before their common stock can be traded on a stock exchange.
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Listing Requirements
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Ones who make a market in their assigned stocks by standing ready to buy or sell shares at the current bid and ask price.
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Specialist
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Markets are considered efficient when
1. Prices adjust rapidly to new information 2. There is a continuous market 3. The market can absorb large dollar amounts of securities without destabilizing the prices. |
Market efficiency
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The primary regulatory body for security offerings in the United States
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Securities and exchange commission
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