Which one of the following is a true statement?
A) The over-the-counter market is a network of account executives who buy and sell the securities of corporations that are not listed on a securities exchange.
B) Account executives in the OTC market specialize or make a market in any listed security.
C) OTC trading is for investors who want to buy or sell stocks in stores.
D) Account executives' operating in the OTC market use specialists to help them trade securities.
E) NASDAQ is regulated by the New York Stock Exchange.

Question

Quizplus · Accepted Answer

The statement accurately describes the over-the-counter (OTC) market as a network of account executives (also known as market makers) who buy and sell securities of corporations that are not listed on a securities exchange, such as the New York Stock Exchange (NYSE) or Nasdaq.

Which One of the Following Is a True Statement