The most common auction markets are
A)exchanges.
B)over-the-counter markets.
C)located in banks or other financial intermediaries.
D)engaged in indirect finance.

Question

Quizplus · Accepted Answer

Auction markets refer to markets where buyers and sellers come together to buy and sell assets, and prices are determined through a bidding process. Exchange markets, such as the New York Stock Exchange, are the most common auction markets where trading occurs through an electronic auction system. Other auction markets, such as art auctions, also exist. Over-the-counter markets, banks and financial intermediaries, and indirect finance do not typically involve auctions.

The Most Common Auction Markets Are