In Which Stock Exchange Does Trading and Selling Take Place

question 142

Multiple Choice

In which stock exchange does trading and selling take place through an intranet rather than on a trading floor?

• A)NASDAQ
• B)New York Stock Exchange
• C)neither NASDAQ nor the New York Stock Exchange
• D)both NASDAQ and the New York Stock Exchange

---

Definitions:

Saxony Carpet

A type of carpet known for its dense, soft pile, often used in residential settings for a luxurious appearance.

Option

A contract that grants the holder the right, but not the obligation, to buy or sell an asset at a designated price within a specified timeframe.

Promissory Estoppel

A legal principle that prevents a promisor from retracting a promise which the promisee has relied upon to their detriment, in the absence of a formal contract.

Unilateral Contract

An agreement in which one party makes a promise, but the other party is not required to respond with a promise in return; performance is the only acceptance needed.