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Basic Question 13 of 15
All of the following are characteristics of the OTC market except:
II. trading can take place through electronic devices.
III. there is no central location.
IV. there is only one dealer in each security.
I. trading can take place through telephones.
II. trading can take place through electronic devices.
III. there is no central location.
IV. there is only one dealer in each security.
User Contributed Comments 5
| User | Comment |
|---|---|
| dobrekone | III ? |
| magicchip | III is true. |
| Renaud1807 | There is no central location as it is an OTC market, dealers make a market "in their offices", behind computers or through negociation on the phone. The NASDAQ system makes the dealers quotes available but there is no central location. |
| johntan1979 | That's right... it could be anywhere, even from the top of Mount Everest. |
| enetis | MCI .... RIP |
You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu
Learning Outcome Statements
describe types of financial intermediaries and services that they provide
CFA® 2024 Level I Curriculum, Volume 3, Module 1.