The equity market

What is an IPO?

• Initial Public Office

• Flotation (BE)

• insurance policy

• stock

What is a secondary market?

• a stock market

• second-hand market

• flea market

• commodities market

What does it mean to underwrite securities?

• to pay for all bonds

• to issue all shares

• to guarantee to buy all shares which were not subscribed for

• to sell all shares

What does the NYSE stand for?

• The NASA

• The New York Stock Exchange

• The Warsaw Stock Exchange

• the equity market

What are listed securities?

• over the counter securities

• illegal securities

• quoted securities

• bonds

What are hedge funds?

• mutual funds

• funds that use risky strategies to achieve high profits

• regular investment funds

• pension funds

What is WIG20 ?

• a stock index in Britain

• a stock index of 20 largest companies in Poland

• The Warsaw Stock Exchange

• the Wallet Inside the Government 20

What is US 100?

• a Dow Jones index

• a German index

• an American stock

• an American index of technological companies

What is Dax40?

• a British index of 40 largest British companies

• an American index of 40 largest America companies

• a German index of 40 largest German companies

• A French index of 40 largest French companies

What is S&P 500?

• a Japanese index of 500 largest Asian companies

• an Australian index of 500 largest Australian companies

• an American index of 500 largest American companies

• the US 30 index