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20 July, 15:57

An auction market:

A. is an electronic means of exchanging securities.

B. has a physical trading floor.

C. handles primary market transactions exclusively.

D. is also referred to as an OTC market.

E. is dealer based.

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  1. 20 July, 16:34
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    The correct answer is letter "B": has a physical trading floor.

    Explanation:

    An auction market is one where buyers and sellers simultaneously offer reasonable bids. The price of the asset being traded is the highest price a buyer is willing to pay and the lowest price a seller is willing to accept. Even with the spread of technology, some auctions can be done online. Though, the auction always has a trading floor.
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