Which of the Following Is True of Stock Exchanges

Multiple Choice

Which of the following is true of stock exchanges?

A) Electronic trading began with the establishment of the over-the-counter market.
B) Each exchange establishes its own requirements for the securities it lists.
C) The stocks of privately traded corporations are listed and traded on these exchanges.
D) Apart from the annual fee, exchanges do not require firms to pay any other fee for the stock listing.