Which of the Statements Below Is FALSE

question 11

Multiple Choice

Which of the statements below is FALSE?

• A) The secondary market, or "used stock" market, provides a place for current common stockholders to sell their stock or acquire more stock or for new stockholders to acquire stock for the first time.
• B) Both the NYSE and the AMEX are physical trading locations with trading floors. In order to complete a trade (the selling or buying of shares), orders must be processed at trading posts on the floor of the exchange.
• C) Immediately after the public auction of common stock, the stock begins trading in the secondary market.
• D) Trading on the NYSE is accomplished through a set of registered dealers who are connected by a computer network.