Which of the Following Statements Is NOT True About Auction

question 90

Multiple Choice

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

• A) In an auction market, buyers and sellers confront each other directly and bargain over price.
• B) The participants can only communicate orally in auction markets.
• C) The New York Stock Exchange is the best-known example of an auction market.
• D) The auctioneer in an auction market is the specialist, who is designated by the exchange to represent orders placed by public customers.

---

Definitions:

Attribute

A property or characteristic of a data element, object, or entity in programming, databases, and web development.

Record

An individual entry in a database, consisting of several fields containing the data items.

Characters

The symbols, including letters, numbers, and punctuation marks, that can be typed or displayed on a screen.

256

Typically refers to a 256-bit encryption level or a color depth of 256 colors in computing contexts.