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:

Abbreviation

A shortened form of a word or phrase used for convenience, often comprising the initial letters of the words.

Abbreviation

A shortened form of a word or phrase used to save space or avoid repetition.

Bundle Of His

A collection of heart muscle cells specialized for electrical conductivity that transmit the electrical impulses from the AV node to the ventricles of the heart.

Heart Disease

A range of conditions affecting the heart, including coronary artery disease, arrhythmias, and heart defects.