Compare and contrast organized exchanges and OTC markets. List the nine major U.S. stock exchanges in the secondary market
What will be an ideal response?
Answer: An organized exchange occupies a physical location (building) where trading occurs. Over-the-counter transactions do not require you to go to a physical site. They are handled over the phone or via a computer hookup.
The nine major organized exchanges are:
1. NYSE
2. AMEX
3. Pacific
4. Chicago
5. Philadelphia
6. Cincinnati
7. Intermountain
8. Spokane
9. Boston
Business
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