Final answer:
The stock exchange is an electronic-based network that links dealers so they can buy and sell securities. It provides a marketplace for companies to raise capital and allows investors to buy and sell securities.
Step-by-step explanation:
The stock exchange is an electronic-based network that links dealers so they can buy and sell securities. It is a marketplace where stocks, bonds, and other securities are traded. The stock exchange provides a platform for companies to raise capital by issuing shares of stock and allows investors to buy and sell these securities.