Question

All of the following are examples of organized stock exchanges EXCEPT

A)

the over-the-counter exchange.

B)

the Pacific Stock Exchange.

C)

the New York Stock Exchange.

D)

the American Stock Exchange.

Answer 1

The over-the-counter exchange is not considered an organized stock exchange because it is an electronic market without a centralized trading floor, whereas the NYSE, Pacific Stock Exchange, and AMEX are traditional stock exchanges with physical trading floors.

Step-by-step explanation:

All of the following are examples of organized stock exchanges EXCEPT the over-the-counter exchange. The New York Stock Exchange (NYSE) is the oldest, largest, and best known of the stock exchanges in the U.S., located on Wall Street in New York City. The Pacific Stock Exchange and the American Stock Exchange (AMEX) are also organized stock exchanges where trading takes place on the floor of the exchange.

However, the over-the-counter (OTC) market is not considered an organized stock exchange because it is an electronic market without a centralized trading floor. Trades in the OTC market are made electronically via the internet or through online trade brokers, who then forward orders to the appropriate exchange. An example of an electronic stock market that lists over-the-counter stocks is the NASDAQ, which includes about 3,600 stocks with a concentration of technology stocks.