A market where buyers and sellers meet to trade financial instruments.

A market where goods and services are traded.

A market where currencies are traded.

A market where commodities are traded.

Stock exchanges

Bond exchanges

Derivatives exchanges

All of the above

Transparency

Liquidity

Efficiency

All of the above

Price volatility

Counterparty risk

Operational risk

All of the above

Market orders

Limit orders

Stop orders

All of the above

An order to buy or sell a security at the best available price.

An order to buy or sell a security at a specific price.

An order to buy or sell a security at a price that is better than the best available price.

None of the above

An order to buy or sell a security at a specific price.

An order to buy or sell a security at a price that is better than the best available price.

An order to buy or sell a security at a price that is worse than the best available price.

None of the above

An order to buy or sell a security when the price reaches a certain level.

An order to buy or sell a security when the price moves in a certain direction.

An order to buy or sell a security when the volume reaches a certain level.

None of the above

Stock exchanges trade stocks, while bond exchanges trade bonds.

Stock exchanges trade stocks, while bond exchanges trade commodities.

Stock exchanges trade stocks, while bond exchanges trade currencies.

Stock exchanges trade stocks, while bond exchanges trade derivatives.

An exchange where derivatives are traded.

An exchange where stocks are traded.

An exchange where bonds are traded.

An exchange where commodities are traded.

Options

Futures

Swaps

All of the above

A contract that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a specified date.

A contract that gives the seller the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a specified date.

A contract that gives the buyer the obligation to buy or sell an underlying asset at a specified price on or before a specified date.

A contract that gives the seller the obligation to buy or sell an underlying asset at a specified price on or before a specified date.

A contract that obligates the buyer to buy or sell an underlying asset at a specified price on a specified date.

A contract that obligates the seller to buy or sell an underlying asset at a specified price on a specified date.

A contract that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price on a specified date.

A contract that gives the seller the right, but not the obligation, to buy or sell an underlying asset at a specified price on a specified date.

A contract between two parties to exchange cash flows based on a specified notional amount.

A contract between two parties to exchange assets.

A contract between two parties to exchange liabilities.

A contract between two parties to exchange currencies.

Transparency

Liquidity

Efficiency

All of the above

Price volatility

Counterparty risk

Operational risk

All of the above