Which Characteristic Is Not True of Electronic Communication Networks (ECNs)

question 58

Multiple Choice

Which characteristic is not true of electronic communication networks (ECNs) ?

• A) automatically match buy and sell orders at specific prices via computers.
• B) have forced organized security exchanges to make significant changes in their operations and structures.
• C) have increased the cost of trading.
• D) none of these options are false.

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Definitions:

Purchasing Assets

The act of acquiring goods or property that have value and can generate income or appreciate over time.

Herfindahl Index

A measure of the size of firms in relation to the industry and an indicator of the amount of competition among them.

Market Shares

The percentage of total sales or total demand in an industry attributed to a particular company over a specified period.

Buyer-Seller Relationships

The interactions and associations between individuals or businesses engaging in the exchange of goods and services.