Quiz Ch 02 – T/F Trading Mechanisms: NYSE vs. NASDAQ

Fundamentals of Financial Management, Concise

Brigham and Houston

09th Edition

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True or false: On the NYSE, trades are typically finalized through brokerage firms functioning as 'dealers,' acquiring securities to add or sell from their inventory. In contrast, the NASDAQ operates as an auction market, where buyers and sellers engage by presenting bids and offers, leading to price negotiation directly on the exchange floor.

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