Which One of the Following Statements Concerning Stock Trades Is

question 97

Multiple Choice

Which one of the following statements concerning stock trades is correct?

• A) Brokerage firms send customer orders to a market maker on the floor of the NYSE.
• B) Confirmation of a trade is transmitted directly from the NYSE to the customer who placed the order.
• C) A broker transmits OTC orders from a customer directly to a floor broker in the OTC market.
• D) Brokerage firms generally hold securities in street name so they can be transferred without the customer's signature.

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Definitions:

Knowledge

Information, understanding, or skills obtained through education or experience; the theoretical or practical understanding of a subject.

Behaviour Modification

The use of empirically demonstrated behavior change techniques to improve behavior, such as altering an individual's behaviors and reactions to stimuli through positive and negative reinforcement.

Reinforcement

In psychology, a concept where a behavior is encouraged or strengthened by a consequence that follows it.