CFA Practice Question

There are 275 practice questions for this study session.

CFA Practice Question

It is not uncommon ______
A. in the U.S. to use solely the call approach to operate a secondary stock market.
B. for a continuous market to occasionally use a call market approach.
C. for the NYSE or NASDAQ to operate primarily as a call market.
Explanation: Most secondary markets in the U.S. are mostly continuous markets. The NYSE and other exchanges use a mixed approach, with continuous markets for most trades and call markets in certain times or conditions. The NASDAQ operates only as a continuous market.

User Contributed Comments 6

User Comment
kalps Most secondary markets will use a call market approach, except NASDAQ - which operates as a continuous market
duhon The LOS says, that although most exhanges are continuous, it is not uncommon for them to use the call market approach in certain circumstances. Thus, B is correct.
yly13 after market close or during discontinued transactions
babaj what does call mkt approach mean?
labsbamb good
khalifa92 very good
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