All of the following are true about the American Stock Exchange except
A) it is the second most important of the organized exchanges.
B) it is one of the secondary markets.
C) its trading volume is a small fraction of that of the NYSE.
D) its dollar volume is larger than all the regional exchanges.
E) it ranks as number two in terms of the number of companies it lists.

Question

Quizplus · Accepted Answer

The statement "its dollar volume is larger than all the regional exchanges" is incorrect. The American Stock Exchange is a regional exchange itself and its trading volume is a small fraction of that of the NYSE, mentioned in option C. Therefore, options A, B, and E are all true about the American Stock Exchange.

All of the Following Are True About the American Stock