Which one of the following is one important characteristic of a private bourse?
A) Brokers are appointed by the government.
B) A single corporation acquires a monopoly over all stock market transactions.
C) It is owned and operated by a corporation founded for the purpose of trading securities.
D) Private exchanges, in many countries, do not usually compete with one another.
Answer: C
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An insurance policy that allows both the premium amount and the maturity of the life contract to be changed by the insured is called
A. term life. B. universal life. C. whole life. D. endowment life. E. variable life.
In the fight against corruption, this 1977 Act was the first major manifesto in the anti-corruption framework.
A. The Sarbanes-Oxley Act B. The Smoot-Hawley Tariff Act C. The Foreign Corrupt Practices Act D. The Racketeer Influenced and Corrupt Organizations Act