If fractions scare you, you don't have to worry about judging stock values, since stocks are now priced in decimals. Knowing how stocks are priced and traded can help you make better investment decisions. Take this quiz to see how much you know why the stock market changed from fractions to decimals.
When did the New York Stock Exchange come into existence?
Which European country was a model for the New York Stock Exchange?
Who signed the Buttonwood Agreement?
What was a real?
Why was the real divided into eight pieces?
Spaniards used their fingers to count.
Historians do not know the reason.
The Queen of Spain had eight husbands.
In 1792, on what currency was the U.S. dollar's value based?
What is the base of the decimal system?
When stocks were priced using fractions, what was the smallest possible change in stock price?
What happened in 1997 to stock trading?
Fractions were converted to decimals.
Decimals were converted to fractions.
The spreads of stock trades were increased.
When did decimalization of stocks begin?
What is a stock spread?
smallest change in value
shares earnings per share
How will decimalization change stock trading?
easier to calculate
harder to trade
How does decimalization change the stock spread?
increase to one dollar
decrease to 10 cents
decrease to one cent
How did stock spreads change after fractions were converted to decimals?