Which of the following are correct statements concerning the NYSE?
I.Each stock has a designated location, called a post, at which its shares are traded.
II.The NYSE is a dealer market.
III.Supply and demand determines the price of each security.
IV.A specialist buys and sells to maintain a market for a particular security.

Question

Quizplus · Accepted Answer

Statement I is correct, as each stock on the NYSE has a designated location called a post. 
Statement II is incorrect, as the NYSE is an auction market, not a dealer market. 
Statement III is correct, as supply and demand determine the price of each security. 
Statement IV is correct, as a specialist is responsible for maintaining a market for a particular security by buying and selling as necessary. Therefore, the correct statements are I, III, and IV.

Which of the Following Are Correct Statements Concerning the NYSE