Ask Question
23 January, 23:10

An auction market:

A. is an electronic means of exchanging securities.

B. has a physical trading floor.

C. handles primary market transactions exclusively.

D. is also referred to as an OTC market.

E. is dealer based.

+3
Answers (1)
  1. 24 January, 00:53
    0
    The correct answer is letter "B": has a physical trading floor.

    Explanation:

    An auction market is one where buyers and sellers simultaneously offer reasonable bids. The price of the asset being traded is the highest price a buyer is willing to pay and the lowest price a seller is willing to accept. Even with the spread of technology, some auctions can be done online. Though, the auction always has a trading floor.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “An auction market: A. is an electronic means of exchanging securities. B. has a physical trading floor. C. handles primary market ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers