Which of the following statements is INCORRECT? a) The NYSE operates as an aucti

ID: 2727538 • Letter: W

Question

Which of the following statements is INCORRECT?

a) The NYSE operates as an auction market, whereas NASDAQ is an example of a dealer market.

b) Money market mutual funds usually invest their money in a well-diversified portfolio of liquid common stocks.

c) Investors can outperform the market if they have access to information that has not yet been publicly revealed.

d) Investors may be able to earn abnormally high returns if they have access to information that has not been publicly revealed.

e) NASDAQ is an dealer market, and it has no physical location.

Incorrect statement = e) NASDAQ is an dealer market, and it has no physical location.

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.