Which one of the following statements is NOT true about auction markets?
A) In an auction market, buyers and sellers face each other directly and bargain over price.
B) The auction for a security can take place anywhere on the trading floor.
C) The New York Stock Exchange is the best-known example of an auction market.
D) Auctioneers can also act as dealers in the NYSE.

Question

Quizplus · Accepted Answer

Auction markets have a designated area, typically a trading floor, where the auction for a security takes place. It does not take place anywhere on the trading floor.

Which One of the Following Statements Is NOT True About