Which one of the following statements concerning stock trades is correct?
A) Brokerage firms send customer orders to a market maker on the floor of the NYSE.
B) Confirmation of a trade is transmitted directly from the NYSE to the customer who placed the order.
C) A broker transmits OTC orders from a customer directly to a floor broker in the OTC market.
D) Brokerage firms generally hold securities in street name so they can be transferred without the customer's signature.
Correct Answer:
Verified
Q64: A report describing the transactions in an
Q65: The basic function of stockbrokers is to
Q66: Trading stocks is much faster and less
Q67: When deciding between a discount or full
Q68: Investors who choose to hold stock certificates
Q70: A limit order is an order to
Q71: A limit order is an order to
Q72: Shares of stock owned by an individual
Q73: Unless the investor has requested another arrangement,
Q74: Which one of the following statements about
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents