Which of the following statements is CORRECT?
A) While the distinctions are blurring, investment banks generally specialize in lending money, whereas commercial banks generally
Help companies raise capital from other parties.
B) A liquid security is a security whose value is derived from the
Price of some other "underlying" asset.
C) Money market mutual funds usually invest most of their money in a
Well-diversified portfolio of liquid common stocks.
D) Money markets are markets for long-term debt and common stocks.
E) The NYSE operates as an auction market, whereas the Nasdaq is a
Dealer market.

Question

Quizplus · Accepted Answer

The NYSE (New York Stock Exchange) operates as an auction market, where buyers and sellers are matched by price, while the Nasdaq is a dealer market, where transactions are made through dealers or market makers.

Which of the Following Statements Is CORRECT