Which of the following statements correctly identifies a difference between a stock exchange and a stock index?
A. A stock exchange refers to a market where stocks of government-owned enterprises are traded, while a stock index refers to a market where the stocks of privately-owned enterprises are traded.
B. A stock index refers to a market where stocks of government-owned enterprises are traded, while a stock exchange refers to a market where the stocks of privately-owned enterprises are traded.
C. A stock exchange refers to a market where stocks are traded, while a stock index reflects the average price of a collection of stocks.
D. A stock index refers to a market where stocks are traded, while a stock exchange reflects the average price of a collection of stocks.
Answer: A
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