Characters Of The Rules Of The Game
13 Questions
| Total Attempts: 143
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Questions and Answers
- 1.Each investor begins with $_______________ to invest.
- 2.The Stock Market Game pays dividends.
- A.
True
- B.
False
- 3.Trades entered on a Friday at 6:30pm will receive the closing price for Monday (for End of Day Game).
- A.
True
- B.
False
- 4.All buy orders must be a minimum of 50 shares.
- A.
True
- B.
False
- 5.A broker's fee of _____% is charged for all buy and sell orders.
- 6.For an investory "going on margin" (borrowing on the equity in your account), a _____% fee is charged for money borrowed.
- 7.SMG does not permit buying stocks that trade below $____ per share.
- 8.Cash balances (money not yet spent) will be credited at an annual rate of ____%.
- 9.Investors can only enter trades between 9:00AM and 4:00PM Eastern Standard Time.
- A.
True
- B.
False
- 10.If an investor sells 200 shares of their Intel stock at $32 per share, they will be charged a broker's fee of $____ for the transaction.
- 11.Investors 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
- 12.Investors 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
- 13.Interest earned (and/or owed) is posted to the portfolio daily.
- A.
True
- B.
False
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