Which One of the Following Statements About the NYSE Is

question 37

Multiple Choice

Which one of the following statements about the NYSE is correct?

• A)Each member of the exchange owns a trading post.
• B)Any listed stock may be traded at any of 20 trading posts.
• C)Brokerage firms are only permitted to have one individual trading on the floor of the exchange.
• D)Buy orders are filled at the lowest price and sell orders are filled at the highest price.

---

Definitions:

Total Surplus

In economics, the total net gain to society from trading in a market, equal to the sum of consumer and producer surplus.

Smartphone Market

The sector of the economy that deals with the production, distribution, and sale of smartphones.

Economic Signals

Indicators or information that guide economic agents in decision-making by reflecting changes in the economy or market conditions.

Consumers

Individuals or groups that purchase goods and services for personal use, not for manufacture or resale.