1.Which of the following statements is INCORRECT about trading on margin A. It is a leveraged equity investment. B. Stocks purchased on margin are registered in street name. C. It increases payoff both on the upside and downside. D. In general, a limit-buy order may be placed to limit potential losses. 2. The NYSE is an example of ________ and NASDAQ is an example of ______ A. a dealer market ; an auction market B. a specialist market; a dealer market C. a brokered market; a dealer market D. a direct search market; a brokered market 3. The money market is the market where: A. Only equity securities are traded. B. Debt securities with maturities of longer than a year are traded. C. Where treasury debt securities are traded. D. Securities of maturities up to one year are traded. 4. Which of the following is NOT a problem associated with the Bank Discount Yield that prevents it from being useful as an accurate measure of investment returns? A. Simple interest B. 360-day year C. Initial investment amount in the denominator D. Par value in the denominator