Asked by Jillian Hearne on Jul 12, 2024
Verified
The New York Stock Exchange is a good example of ________.
A) an auction market
B) a brokered market
C) a dealer market
D) a direct search market
Auction Market
A market where buyers and sellers enter competitive bids simultaneously; stock exchanges are an example, where prices are determined by the highest bid and lowest ask.
New York Stock Exchange
One of the largest stock exchanges in the world, located in New York City, where stocks of publicly held companies are bought and sold.
- Draw a distinction between the operational mechanics of different market forms, including electronic, dealer, brokered, and direct search markets.
Verified Answer
RG
Ricardo GarzaJul 14, 2024
Final Answer :
A
Explanation :
The New York Stock Exchange is an example of an auction market where buyers and sellers come together to negotiate prices and trades take place through an auction process.
Learning Objectives
- Draw a distinction between the operational mechanics of different market forms, including electronic, dealer, brokered, and direct search markets.