CFA Practice Question

There are 275 practice questions for this study session.

CFA Practice Question

In a continuous market ______

A. trading occurs 24 hours per day, 365 days per year.
B. trading occurs any time the market is open to buyers and sellers.
C. the market is only closed for brief periods needed to complete all required record-keeping.
D. successive trades occur without large gaps in the price between trades.
Correct Answer: B

The NYSE is an example of a mixed market; it acts as a continuous market after opening and until closing each day (absent trading halts or extraordinary price moves). Trading may occur anytime the market is open.

User Contributed Comments 3

User Comment
DariSH why not D?
bantoo 'The large gap' is a vague word. And, mind one thing in exam u have to select among options and B is obviously most suitable.
johntan1979 Time, not price
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