The markets in which transactions are done through computers and telephone without any specific location are classified as _____________?
Correct answer: C. over the counter markets
- A. past counter market
- B. future counter market
- C. over the counter markets
- D. capital counter market
Explanation
An over-the-counter market has no single physical exchange location; transactions are arranged electronically or by telephone through dealers. This distinguishes it from a centralised exchange.
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About Business Finance
Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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