Electronic Communication Networks (ECNs) ________

question 4

Multiple Choice

Electronic communication networks (ECNs) ________.

• A) are not a limit order book.
• B) offer transparency, anonymity, automated service, and reduced costs, and are therefore effective for handling small orders.
• C) may not be linked into the Nasdaq marketplace via a quotation representing the ECN's best buy and sell quote.
• D) do not use the Internet to link buyers and sellers, thus employing brokers and trading floors.

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Definitions:

Goals

Targets or outcomes that an individual or organization aims to achieve over a certain period.

Shame

A painful feeling of humiliation or distress caused by the consciousness of wrong or foolish behavior.

Basic Cry

A simple, reflexive cry signifying discomfort or hunger in infants, typically indicative of a physiological need.

Shriek

A high-pitched, sharp sound made in distress, fear, or excitement.