Pick out the generic term for the securities industry firms that buy sell and underwrite securities ?
Correct answer: A. Wall street
- A. Wall street
- B. NASDAQ
- C. Nikkei index
- D. Yahoo index
Explanation
Wall Street is the common collective term for the U.S. securities industry and its firms, including brokers, dealers and underwriters. NASDAQ is a stock exchange, while Nikkei is a Japanese stock-market index.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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