McqMate
| Q. |
Which of the following is not a characteristic of an exchange? |
| A. | It requires one to be a member in order to be allowed to trade. |
| B. | It allows securities to be listed on more than one exchange. |
| C. | It provides liquidity to individuals who acquire securities in the primary market. |
| D. | It allows exchange-listed issues to trade off the exchange floor with the aid of brokers. |
| Answer» D. It allows exchange-listed issues to trade off the exchange floor with the aid of brokers. | |
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