Which of the following are correct statements concerning the NYSE?

I. Each stock has a designated location, called a post, at which its shares are traded.
II. The NYSE is a dealer market.
III. Supply and demand determines the price of each security.
IV. A specialist buys and sells to maintain a market for a particular security.

A) I and II only
B) I and III only
C) I, III and IV only
D) I, II, III and IV

Answer: C