Which of the Following Statements Is FALSE

question 33

Multiple Choice

Which of the following statements is FALSE?

• A) Limit orders are executed by the specialist when the market price moves to the limit.
• B) The NYSE lists stocks throughout the United States and, thus, is not a "national exchange."
• C) Overall, the NYSE trading mechanism is an auction-based, order-driven market.
• D) The need for "space" for trading floors for the NYSE derives from its trading mechanism, the floor-based specialist system.

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Definitions:

Equilibrium Quantity

The quantity of goods or services that are supplied and demanded at the equilibrium price.

World Price

Goods or services' market rates internationally, steered by the universal dynamics of supply and demand.

Domestic Consumers

Individuals or entities within a country that purchase goods and services.

Domestic Producers

Companies or individuals that produce goods or services within their home country.