Which of the Following Statements Is TRUE

question 23

Multiple Choice

Which of the following statements is TRUE?

• A) Each specialist is located at a "booth" or "post" with all orders for a stock received at this post and the specialist conducts an auction based on these orders to determine the execution price.
• B) Each specialist "specializes" in many stocks with each stock is assigned to more than one specialist.
• C) Market orders, as opposed to limit orders, are kept by the specialist in their "book," originally a physical paper book but now an electronic book.
• D) The OTC trading mechanism has been based on the specialist system.

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Definitions:

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The 42nd President of the United States (1993–2001), known for economic prosperity during his tenure and significant political events including his impeachment in 1998 but acquittal by the Senate.

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