Which One of the Following Statements Is NOT True About

question 22

Multiple Choice

Which one of the following statements is NOT true about auction markets?

• A) In an auction market, buyers and sellers face each other directly and bargain over price.
• B) The auction for a security can take place anywhere on the trading floor.
• C) The New York Stock Exchange is the best-known example of an auction market.
• D) Auctioneers can also act as dealers in the NYSE.

---

Definitions:

Selling Goods

The act of transferring ownership of products from one party to another in exchange for money.

Liability

The state of being responsible for something, especially by law.

Tree Surgeons

Professional arborists who specialize in maintaining, treating, and repairing trees.

Agreement

A mutual understanding or arrangement between two or more parties that involves terms and conditions.