Centralized Exchanges

question 23

Multiple Choice

Centralized exchanges:

• A)are electronic systems that bring buyers and sellers together for electronic execution.
• B)are markets where claims based on an underlying asset are traded for payment at a later date.
• C)are markets where financial claims are bought and sold for immediate cash payment.
• D)are secondary markets where buyers and sellers meet in the same location.

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Definitions:

Traditional Rule

A long-established guideline or principle that is followed in a specific field or practice.

Legal Responsibility

The obligation to answer for an action or activity within the boundaries of law, which may involve liability for damages or penalties.

Tenancy At Will

A rental agreement in which either the landlord or tenant can terminate the lease at any time with reasonable notice, without a fixed term.

Indefinite Period

A duration without a specified end date, often used in contracts or agreements to denote an ongoing arrangement.