Question

The overminustheminuscounter ​(OTC) market is a A. centrally located auction market. B. geographically dispersed auction market. C. telecommunications network connecting dealers. D. market solely for institutional traders.

Answer 1

The correct answer is letter "C": telecommunications network connecting dealers.

Step-by-step explanation:

The Over-The-Counter Market (OTC) is a decentralized market in which unlisted securities trade. The OTC market is not a physical location. Prices are negotiated and trades are made from computer networks, phones, and e-mails. Dealers act as maker makers and quote prices at which they will buy and sell.

Answer 2

telecommunications network connecting dealers.

Step-by-step explanation:

Over the counter market or OTC market is referred to that market in which members trade the currencies, stock among the parties without the broker. In this, trade has done electronically without meeting personally i.e. Dealer and broker connect via mobiles phones

This market is held through a network of dealers instead of a central broker. One example of over the counter market is the London stock exchange.