Which One of the Following Is a False Statement Regarding

question 6

Multiple Choice

Which one of the following is a false statement regarding NYSE specialists?

• A) On a stock exchange most buy or sell orders are executed via an electronic system rather than through specialists.
• B) Specialists cannot trade for their own accounts.
• C) Specialists maintain limit order books, which contain the outstanding unexecuted limit orders.
• D) Specialists stand ready to trade at narrower bid-ask spreads in cases where the spread has become too wide.

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Definitions:

Major Product

The substance that is formed in the greatest amount during a chemical reaction, indicating the most favored pathway.

Boiling Point

The temperature at which a substance transitions from the liquid phase to the gas phase under atmospheric pressure.

Cis-

A prefix that indicates substituents are located on the same side of a double bond or ring structure.

Trans-hex-3-ene

A geometric isomer of hex-3-ene with the two substituents opposite to each other across the double bond, affecting its chemical properties and reactivity.