Which of the Following Statements Is False

question 25

Multiple Choice

Which of the following statements is false?

• A) On the NASDAQ, stocks can and do have multiple market makers who compete with each other. Each market maker must post bid and ask prices in the NASDAQ network where they can be viewed by all participants.
• B) Bid prices exceed ask prices.
• C) Because customers always buy at the ask price and sell at the bid price, the bid-ask spread is a transaction cost investors have to pay in order to trade.
• D) On the floor of the NYSE, market makers (known on the NYSE as specialists) match buyers and sellers.

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Definitions:

Public Housing Inventory

A list or database of public housing units available for occupancy, typically managed by a government or non-profit organization.

Central-City Areas

Regions located in the core of metropolitan areas, typically characterized by high population density and significant commercial, governmental, or cultural functions.

Upper-Class Individuals

People belonging to the highest socioeconomic group, typically characterized by wealth, power, and prestigious occupations.

Renovating

The process of renewing, restoring, or improving a building or structure to a good state of repair.