Stock exchanges are generally:
a. Dealer markets
b. Direct search markets
c.Auction markets
d. Brokered markets
Correct Answer is C
Auction Market - In Auction Market buyer and
seller enter bid and ask price at the same time.The price at which
buyer is ready to buy and seller is ready to sell the share is
match the order is executed. Matching bids and offers.
New york stock Exchange is a example of Auction
market.
Dealer Market - NASDAQ is a Example of Dealer market.
Dealer are known as market maker.
Direct Search market - It is a market where buyer
and seller each other direclty. Ex - Real estate
market
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