Question

Trades on the NYSE are generally completed by having a brokerage firm acting as a "dealer" buy securities and adding them to its inventory or selling from its inventory. The NASDAQ, on the other hand, operates as an auction market, where buyers offer to buy, and sellers to sell, and the price is negotiated on the floor of the exchange. True False

Answer 1

The correct answer is False.

Step-by-step explanation:

The NASDAQ is a stock market where transactions are carried out electronically and traded through an automated network. These are the acronym for National Association of Securities Dealers Automated Quotations System. It is usually the market where most of the technological actions are traded. A quick way to know if a company is listed on the NASDAQ is to check if the symbol is made up of four letters (for example, Microsoft = MSFT, Dell Computers = DELL, Cisco = CSCO)