Finance investment

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Economics

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1. What are the fundamental differences between the Nasdaq and the NYSE? Do firms and investors need these markets at all?

2. The WorldCom and Enron accounting scandal involved the firm classifying operating expenses as capital investments. Discuss the impact on Enron and WorldCom's operating cash flow and their overall cash position. Did the financial statements contain any clues that could have warned investors of the fraud? Could the Enron debacle have Been Prevented? What actions could have been taken by auditors, regulators, and lawmakers?

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Explanation & Answer

Find attached.

Running head: DIFFERENCES BETWEEN THE NASDAQ AND THE NYSE

Differences between the NASDAQ and the NYSE:
Name:
Institution:

DIFFERENCES BETWEEN THE NASDAQ AND THE NYSE

2

Question 1
The way in which securities on the exchanges between the vendors and purchasers are
transacted lays the ultimate difference between the NYSE and the Nasdaq. Essentially, in the
Nasdaq market, a dealer is involved who is commonly known as the market maker. This dealer is
responsible for availing the point of trade which e...


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