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Exam Question

Organized securities markets exhibit all of the following characteristics except

  • 1) listings on national and regional exchanges are mutually exclusive
  • 2) each exchange has a central location where buying and selling occurs
  • 3) brokers represent the actual buyers and sellers
  • 4) securities are listed and traded with the approval of the board of governors

View Answer

Answer 1) listings on national and regional exchanges are mutually exclusive

Practice set and Exam Quiz

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