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QUESTION 1

1. A merger of the Alberta Exchange and the Vancouver Exchange led to the creation of the:

   	a.	Western Canadian Exchange (WCX)
   	b.	Toronto Stock Exchange (TSX)
   	c.	Toronto Venture Exchange
   	d.	Over-the-Counter market (OTC)

QUESTION 2

1. A distinction between a dealer and a broker is that:

   	a.	dealers handle transactions illegally, whereas brokers are legally entitled to handle transactions.
   	b.	dealers are regulated by the relevant provincial securities commission, whereas brokers aren't.
   	c.	dealers maintain an inventory of securities and may sell to you from that inventory; brokers just bring together buyers and sellers .
   	d.	there is no difference. A broker is just another term for a dealer.

QUESTION 3

1. Which stock exchange first closed its open-outcry trading floor and became the largest electronic North American Exchange.

   	a.	Toronto Stock Exchange (TSX)
   	b.	New York Stock Exchange (NYSE)
   	c.	NASDAQ
   	d.	Chicago Mercantile Exchange (CME

QUESTION 4

1. An example of a price-weighted index would be:

   	a.	S&P/TSX Composite Index
   	b.	S&P/TSX 60 Index
   	c.	S&P 500 Index
   	d.	Dow Jones industrial Average (DJIA)

QUESTION 5

1. Which of the following is true?

   	a.	Stock market indexes reflect changes in prices of underlying shares as well as any dividends received from shares, thus giving a total return perspective.
   	b.	Stock market indexes reflect changes in stock prices, dividends received, and any rights issues that have been declared for the accompanying stock.
   	c.	Stock market indexes reflect changes in stock prices, dividends received, any rights issues that have been declared for the accompanying stock, as well as warrants which have been issued for the accompanying stock..
   	d.	Stock market indexes generally do not include dividend payments in their index calculations

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