Instruments whose price involves bilateral negotiation rather than a bidding process are known as___________ instruments.
A) over- the- counter
B) public- exchange- traded
C) not- for- negotiation
D) mark- to- market

Question

Quizplus · Accepted Answer

Over-the-counter (OTC) instruments are traded through a dealer network rather than a centralized exchange, and their prices are often determined through bilateral negotiation between parties.

Instruments Whose Price Involves Bilateral Negotiation Rather Than a Bidding