CFA Practice Question
Which of the following statements concerning the major world stock exchanges is not true?
A. The London Stock Exchange divides its stocks into groups: alpha, beta, and gamma, based on activity in trading of the stocks.
B. The American Stock Exchange lists some stocks which are also listed on the NYSE, and some which are not.
C. The New York Stock Exchange is the largest organized stock exchange in the United States.
Explanation: The American Stock Exchange lists only stocks that are not listed on the NYSE.
User Contributed Comments 5
| User | Comment |
|---|---|
| robkaz | SPDR, DIA, and Q's? I guess they were not listed at NYSE at the time the text was last updated. |
| javaman | What were you trying to say, robkaz? Don't understand your comments |
| Franz | The NASDAQ is the largest exchange by volume or value...don't remember which. |
| stefdunk | robkaz: the Q's (I assume you mean QQQQ) isn't traded on the NYSE, or on AMEX, but only on NASDAQ no spiders (SPDRs) are traded on the NYSE, and neither are any of the indexes (DIA^) |
| derekt | NASDAQ is not an exchange |