Hassan is a strong advocate of self-empowerment and efficiency. When b

QUESTION

Hassan is a strong advocate of self-empowerment and efficiency. When buying and selling securities, he wants to avoid the “middleman” and conduct transactions himself. Where can he do this?

A) New York Stock Exchange
B) electronic communications networks
C) over-the-counter market
D) NASDAQ
E) American Stock Exchange

ANSWER

Answer: B
Explanation: B) Electronic communications networks (ECNs) directly link sellers and buyers of securities, allowing individual investors to easily engage in trading.