Question: 5
(Choose 1 answer)
Which of the following statements is NOT true about auction markets?
A. In an auction market, buyers and sellers confront each other directly and bargain over price.
B. The participants can only communicate orally in auction markets.
C. The New York Stock Exchange is the best-known example of an auction market.
D. The auctioneer in an auction market is the specialist, who is designated by the exchange to represent orders
placed by public customers.
