Final answer:
The world's largest stock exchange by market capitalization is the New York Stock Exchange (NYSE), located in New York City and known as a symbol of capitalism.
Step-by-step explanation:
The world's largest stock exchange in terms of market capitalization is the New York Stock Exchange (NYSE). The NYSE is located on Wall Street in New York City and is a symbol of capitalism. It is the oldest and most well-known of the stock exchanges in the U.S., regulating its members and the companies that conduct business with the exchange. The NASDAQ, another major stock exchange, includes about 3,600 stocks and has a high concentration of technology stocks, operating as an electronic stock market without a traditional trading floor.