Which one of the following best describes NASDAQ?
A) Largest U.S. stock market in terms of dollar trading volume
B) Market where dealers buy at the asked price
C) Market where the designated market makers are located at posts
D) Computer network of securities dealers
E) Market with three physical trading floors

Question

Quizplus · Accepted Answer

NASDAQ is a computer network of securities dealers that allows for electronic trading of stocks. It is not a physical exchange with floors or designated market makers, nor is it the largest U.S. stock market in terms of dollar trading volume. It also does not involve dealers buying at the asked price, as this is indicative of the over-the-counter market.

Which One of the Following Best Describes NASDAQ