Emerging markets have the following characteristics:
A) the 2005 combined market capitalization of Exxon, General Electric, and Microsoft is bigger than any emerging market's capitalization, including China.
B) the International Monetary Fund separates developed and emerging markets by the market capitalization of the respective markets.
C) liquidity would be the same as a small company traded on the NASDAQ stock market.
D) continuous auction markets.
Correct Answer:
Verified
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