How Wall Street Works quiz beginner
How Wall Street Works Quiz: 10 Questions
See whether you can name who does what between your broker and the exchange.
Question 1 of 10
About this quiz
Ten questions on the institutions behind the market: exchanges, brokers, clearing houses, wholesalers, regulators and the rules that tie them together. Each question comes with a short explanation of the right answer and a link to the guide that teaches it, so a wrong answer is a reading list rather than a dead end.
The quiz draws on the How Wall Street Works section. If you are new to the topic, start with the guides below, then come back and test yourself. Scores are calculated in your browser and are not stored or sent anywhere.
Frequently asked questions
Is this quiz free?
Yes. It is free, needs no sign up and no email address, and your answers are scored in the browser rather than sent anywhere for storage.
What score counts as passing?
Seven out of ten shows you can follow a market story without getting lost in the plumbing. Below that, start with the pillar guide on what Wall Street is and how money moves through it.
Do I need to know this to invest?
You can buy an index fund without any of it. Knowing who is on the other side of your trade matters more once you place larger orders, trade outside regular hours or use anything other than a plain market order.