Do You Know The Stock Market Game Rules?

16 Questions | Total Attempts: 1296

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Do You Know The Stock Market Game Rules? - Quiz

Answer the following questions about the rules of the Stock Market Exchange Game.


Questions and Answers
  • 1. 
    The Stock Market Game pays dividends.
    • A. 

      True

    • B. 

      False

  • 2. 
    Each team begins with $_______________ to invest.
  • 3. 
    Transactions entered with a limit price will not be held past the initial posting.  This applies to both the End of Day or Real Time Games.
    • A. 

      True

    • B. 

      False

  • 4. 
    Trades entered on a Friday at 6:30pm will receive the closing price for Monday (for End of Day Game). 
    • A. 

      True

    • B. 

      False

  • 5. 
    Mutual funds have ticker symbols like stocks, but they are 5 letters long and end in an X. 
    • A. 

      True

    • B. 

      False

  • 6. 
    All buy orders must be a minimum of 50 shares.
    • A. 

      True

    • B. 

      False

  • 7. 
    A broker's fee of _____% is charged for all buy and sell orders.
  • 8. 
    For a team "going on margin" (borrowing on the equity in your account), a _____% fee is charged for money borrowed.
  • 9. 
    SMG does not permit buying stocks that trade below $____ per share.
  • 10. 
    Cash balances (money not yet spent) will be credited at an annual rate of ____%.
    • A. 

      5%

    • B. 

      7%

    • C. 

      2%

    • D. 

      10%

  • 11. 
    Teams can only enter trades between 9:00AM and 4:00PM Eastern Standard Time.
    • A. 

      True

    • B. 

      False

  • 12. 
    A team will not be listed in regional rankings until their first transaction is entered successfully.
    • A. 

      True

    • B. 

      False

  • 13. 
    If a team sells 200 shares of their Intel stock at $32 per share, they will be charged a broker's fee of $____ for the transaction. 
  • 14. 
    Teams must liquidate their portfolios at the end of the Game (liquidate means selling their stock to convert it back into cash).
    • A. 

      True

    • B. 

      False

  • 15. 
    Teams can only trade common and preferred stock on the New York Stock Exchange, Nasdaq Stock Market, and the American Stock Exchange. 
    • A. 

      True

    • B. 

      False

  • 16. 
    Interest earned (and/or owed) is posted to the portfolio daily.
    • A. 

      True

    • B. 

      False

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