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AMEX is not only the abbreviation for one of the most well known credit cards in the world, namely AMERICAN EXPRESS, but it also stands for AMERICAN STOCK EXCHANGE, one of the largest stock exchange markets. Shares, options and funds are listed. AMEX is based in New York and is closed for trade only a few days during the year. Otherwise, business is always lively. In stock markets absolute competition exists, which means that supply and demand determine the price. They act as framework for developing theoretical structures of functional markets in the real economy. The Dow Jones and the Nasdaq indices summarise the going rate of the various shares and are therefore important indicators for the economic development in the USA.
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