Canadian Securities Course (CSC) Practice Exam

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What does "Delayed opening" in the stock exchange context refer to?

Decision to close the stock exchange for the day
Postponement of trading beyond the normal opening due to market conditions
Speeding up the trading process for a particular stock
Immediate trading of a newly issued stock

The correct answer is: Postponement of trading beyond the normal opening due to market conditions

In the stock exchange context, a "Delayed opening" refers to the postponement of trading beyond the normal opening due to market conditions. Option A, closing the stock exchange for the day, is incorrect as it would mean no trading takes place at all. Option C, speeding up the trading process for a particular stock, is also incorrect as it does not pertain to the overall opening of the stock exchange. Option D, immediate trading of a newly issued stock, is incorrect as a delayed opening typically applies to all stocks and not just a newly issued one.