Questions 12-17

Finance 3830 Problem Set 1 are typically more risky than a 12. mutual fund. 13. Trades lead to in the market. 14. Reg NMS stands for EFT 15. The NYSE is a auction market Rule improves access to price quotes from trading centers in the 16. The National Market System. 17. Examples of a closed and/or open-end fund "brand names" include , and 18. If the firm's TIE ratio declines, this indicates the firm can now pay its interest expenses times over than before the decline. 19. Managed investment companies are managed. 20. Prior to 2008, designated market makers were called 21. is an example of a self-regulatory agency allowed to earn revenue under the Market Data Rule portion of Reg NMS. 22.A trade is any trade over 10,000 shares. form efficiency and 23. Research shows that both form efficiency are false