Call auctions provide for fixed price auctions (that is, all the transaction or exchanges occur at the same "fixed" price) at specific times during the day and are appropriate for less liquid bonds such as corporate bonds and municipal bonds.

Question

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Call auctions consolidate orders to buy or sell securities at specific times during the day, determining a single price at which all transactions occur, making them suitable for less liquid assets like corporate and municipal bonds by providing a more orderly and efficient trading process.

Call Auctions Provide for Fixed Price Auctions (That Is, All