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.

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