Which One of the Following Statements Related to the NYSE

question 98

Multiple Choice

Which one of the following statements related to the NYSE Hybrid market is correct?

• A)Floor brokers operate both electronically and in person.
• B)The Hybrid system replaces the market specialists.
• C)The automated system works better than the specialist for stocks with minimal liquidity.
• D)The automated system will only replace the specialist in times of market duress.
• E)Investors can automatically trade an unlimited number of shares.

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Definitions:

Sales

Transactions involving the exchange of goods or services for money or other compensation.

Certain Carrying Charges

Expenses necessary for holding or maintaining property, which may be deductible for tax purposes.

State Income Tax Refund

State income tax refund is the money returned to a taxpayer from the state government if they overpaid their state income taxes.

1099-G

A tax form used in the United States to report certain government payments, like state tax refunds.