Question 1 of 15

Where are the major stock exchanges in Canada and the US located?

• Toronto and New York
• Toronto, Montreal, New York and Chicago
• Ottawa and Washington
• Wawa Ontario, and Walla Walla Washington

Question 2 of 15

Going “long” means:

• Reading news on the expected future price of a stock
• Expanding the size of your investments with a performance enhancing tool
• Buying and holding shares
• Using every last dollar in your account to buy shares

Question 3 of 15

What does it mean when you are “short” shares?

• You misplaced the trade confirmation for your shares
• You sold borrowed shares, and intend to buy them back at a lower price
• You purchased shares of Hobbits Inc. (HOBS)
• It refers to the 5% of shares you pay in taxes

Question 4 of 15

Level II quotes let you:

• Know where the price of a stock will be in 10 seconds
• Cancel and replace your orders
• What’s a quote?
• View quotes and quote volume from each market participant

Question 5 of 15

What are trailer fees?

• Fees paid for upkeep on a government trailer, where all trading data is recorded and stored
• A charge investors incur when they purchase most mutual funds (the fee is usually around 1% of the total value).
• Fees paid to hold a stock in your account (1% of the value of the stock / month)
• An additional fee charged to people who own trailers

Question 6 of 15

At what price will a market order fill?

• Only at the last traded price
• Until it is completely filled at the best price(s) available. The final price is not known until it is filled
• By Canadian trading regulations: no less than the price of two beaver pelts (approx $32.42)
• The best price of the trading day

Question 7 of 15

What is a common reason investors buy gold in their account?

• The government fully rebates the purchase price to the investor
• It allows an investor to contribute more than $5,000 per year into their TFSA
• To offer protection (a hedge) when inflation is expected to rise
• To make a profit by selling the gold for use in Olympic gold medals

Question 8 of 15

What does the 52 week high (or 52Hi) indicate?

• The highest price paid for the stock in the previous 52 weeks
• The number of people who bought this stock over the past 52 weeks, and bragged to their friends about their purchase
• The expected price of the stock 52 weeks in the future
• The highest price anyone can pay for the stock in the next 52 weeks

Question 9 of 15

Assume a stock closed yesterday at $1.03, it opened at $1.05, and today it traded as high as $1.20 and as low $0.95. If the current change in the stock is +$0.08, at what price did the stock last trade?

• $1.13
• $1.03
• $1.11
• It was my understanding there would be no math on this quiz.

Question 10 of 15

What is it called when a stock market trades neither up nor down over an extended period of time?

• A sideways market
• Boring
• An inverted bull-straddle composite yield
• A dying bull or a limp bear market

Question 11 of 15

What is an option?

• Deciding which sports car to purchase – the Lamborghini or the Ferrari
• A contract that gives an investor the right to buy or sell stock at a specific price, before a certain date
• A contract that obligates an investor to buy or sell a stock at a specific price, on a specific date
• A decision to invest in one of two similar stocks

Question 12 of 15

What is a stop order?

• An order to either buy or sell a stock once it reaches a certain price
• A legal order from a judge to stop trading if you’re making too much money in the stock market
• An order to stop buying/selling a stock at a certain price
• An order to stop buying/selling once the trade becomes unprofitable

Question 13 of 15

What is a market maker?

• A term given to the founders of each stock exchange
• Anyone who donates 10% of their investments to help fund a new home for the stock exchange
• An industry slang term for money
• An individual or company who is responsible to add liquidity to a stock by entering both buy and sell orders

Question 14 of 15

The stock market uses 3-5 letters to represent each listed company (e.g., Microsoft = MSFT). What are these letters commonly called?

• The symbol
• The shorthand
• The unpronounceable letters
• The dividend

Question 15 of 15

Which of the following securities are traded on the major Canadian stock market?

• Cattle
• Oil
• Warrants
• Star Wars memorabilia

Your score is