Which of the below statements is TRUE?
A) Overall, non-intermediated, quote-driven markets may be less costly due to the absence of profit-seeking dealers.
B) The Nasdaq is primarily a continuous auction order-driven system based on customer orders but the specialists enhance the liquidity by their market-making to maintain a fair and orderly market.
C) The NYSE is a continuous market during the trading day and a call auction market to open and close the market and to reopen after a stop in trading. Thus, the NYSE is not a hybrid market.
D) Nasdaq (an acronym for the National Association of Securities Dealers Automated Quotations System) began as a descendant of the OTC dealer network, and is a dealer quote-driven market.
Correct Answer:
Verified
Q4: Exchanges have usually been mutual organizations with
Q5: Which of the following statements is TRUE?
A)
Q6: The U.S. stock market is composed of
Q7: _ is often defined as a market
Q8: In contrast to _ that is a
Q10: Exchanges _.
A) have traditionally been organizations built
Q11: The types of changes in the U.S.
Q12: Amex _.
A) lists stocks from throughout the
Q13: _ is an electronic order routing and
Q14: A fundamental difference between U.S. and international
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