Which One of the Following Is Not a True Statement

question 107

Multiple Choice

Which one of the following is not a true statement?

• A)The over-the-counter market is a network of dealers who buy and sell the securities of corporations that are not listed on a securities exchange.
• B)Account executives in the OTC market specialize or make a market in the securities of one or more specific firms.
• C)Most OTC trading is conducted in person in the account executive's office.
• D)Since 1971, account executives' operating in the OTC market have used an electronic quotation system called NASDAQ.
• E)NASDAQ is regulated by the National Association of Securities Dealers.