In what way is a bond market different than a stock market?
A) Treasury bills and commercial papers are traded in a bond market.
B) A bond market allows only dealers to sell bonds.
C) Exchange trading of futures occurs at a bond market.
D) Most trading is done over the counter in a bond market.
E) A bond market is less diffused and centralized than the stock market.
Answer: D
Explanation: Unlike the stock market, in which most buying and selling is coordinated by organizations, most trading in the bond market is over the counter, taking place outside organized exchanges.
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