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Q. |
Which of the following is not a characteristic of an exchange? |
A. | It provides liquidity to individuals who acquire securities in the primary market. |
B. | It requires one to be a member in order to be allowed to trade. |
C. | Stocks traded on an exchange must meet minimum listing requirements. |
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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