Virtual Business Final Exam Review With Accurate Solution

Which of these items can you find in a stock quote? - ANSWER -The stock's current daily volume What is "Net Change"? - ANSWER -The total amount a stock's price has changed since the previous trading day How are stock prices determined? - ANSWER -By a continuous auction process between buyers and sellers What is Bid Price? - ANSWER -Highest price a buyer is willing to pay for the stock Who invented the Dow Jones Industrial Average? - ANSWER -Charles Dow Who is the Dow Jones Industrial Average named after? - ANSWER -Charles Dow and Edward Jones When was the Dow Jones Industrial Average invented? - ANSWER -1896 What is another name for the Dow Jones Industrial Average? - ANSWER -"The Dow" & The "DJIA" How is the Dow Jones Industrial Average calculated today? - ANSWER -Stocks with higher prices are given a greater weight in the index & The divisor for the Dow is adjusted as additions and subtractions (such as mergers and stock splits) have been made to the index The Dow Jones Industrial Average is a(n) _ - ANSWER -Price-weighted index What was the name of New York City when Wall Street was first built? - ANSWER -New Amsterdam What was the most frequently traded security type in the early days of Wall Street? - ANSWER -Bonds Which of these buildings have NOT been located on Wall Street? - ANSWER -The Supreme Court Where is Wall Street? - ANSWER -New York Wall Street is the home of the_ - ANSWER -Stocks Young city's investors would meet here to trade Revolutionary_? - ANSWER -War bonds Where did traders in New York originally meet? - ANSWER -Outside near a buttonwood tree What was the biggest event leading to stocks being the most frequently traded security type on the exchange? - ANSWER -The Industrial Revolution In the late 1800s, what factors led to the growth of the NYSE? - ANSWER -The need for funds to finance new companies and build railroads The NYSE stock exchange is the largest in the site? - ANSWER -World What invention helped give rise to the NYSE? - ANSWER -Telephone Which event had a part in The Great Depression? - ANSWER -Black Thursday If you had invested $100 in 1965 in the 500 stocks of the S&P 500 Index, how much would you have had in 2011? - ANSWER -$6,072 Over for the last 30 years or so, which investment produced the highest percentage returns? - ANSWER -Stocks Over the last 90 years, which investment produced the most volatile returns? - ANSWER -Stocks What's the best way to invest in stock? - ANSWER -Practice Why invest in stocks? - ANSWER -In order to invest and receive money How do you invest in stocks? - ANSWER -Trade money for stock