The main difference between exchanges and dealer/OTC markets is
A)exchanges are a part of the primary market, while dealer and OTC markets are part of the secondary market.
B)transactions in dealer markets are conducted entirely by humans, not electronically.
C)exchanges have a physical location while dealer and OTC markets do not.
D)All of the above are differences between exchanges and dealer markets.

Question

Quizplus · Accepted Answer

Exchanges, such as the New York Stock Exchange, have physical locations where trading activities are centralized, whereas dealer markets and over-the-counter (OTC) markets operate without a centralized physical location, relying instead on electronic systems and networks for trading.

The Main Difference Between Exchanges and Dealer/OTC Markets Is