Which of the following statements concerning NASDAQ is incorrect?
A) NASDAQ is an auction market.
B) Most smaller ﬁrms are listed on NASDAQ rather than on the NYSE.
C) NASDAQ is an electronic market.
D) NASDAQ is an OTC market.
E) NASDAQ stands for National Association of Securities Dealers Automated Quotations system.

Question

Quizplus · Accepted Answer

NASDAQ is not an auction market, but rather a dealer market where buyers and sellers are matched electronically by dealers.

Which of the Following Statements Concerning NASDAQ Is Incorrect