Which of the Following Is Not True About the Over-The-Counter

question 77

Multiple Choice

Which of the following is not true about the over-the-counter market?

• A) The OTC market is a network of dealers connected by phone and computer.
• B) There is no central market location.
• C) The OTC is by far the largest market for bond trading.
• D) all of the other answers are true

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Definitions:

Fraudulent Misrepresentation

A false statement of fact made by one party to another with the intent to deceive, which leads to a material injury.

Not Legally Bound

A term referring to agreements or promises that lack legal enforceability or are not recognized as contracts by law.

Contract

A legal agreement between two or more parties that creates enforceable rights and obligations.

Legality

The state or quality of being in accordance with the law.