The Orders Displayed on NASDAQ Are Placed By

question 12

Multiple Choice

The orders displayed on NASDAQ are placed by:

• A)individuals on ECNs only.
• B)market makers only.
• C)both market makers and individuals on ECNs.
• D)brokerage firms.
• E)floor brokers.

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Definitions:

P(A ∪ B)

The probability that at least one of two events A or B occurs.

Independent Events

Two or more events whose outcomes do not affect each other.

P(A ∪ B)

Represents the probability of the occurrence of at least one of two events A or B.

Mutually Exclusive

Two events that cannot occur at the same time, meaning the occurrence of one event precludes the other.