Answered: A wide bid-ask spread implies: an…

A wide bid-ask spread implies: an illiquid market the way the CBOE works Oa liquid market O the normal market conditions on stock exchanges

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

ChapterST3: The Stock Market: Its Function, Performance, And Potential As As Investemtn Opportunity

Section: Chapter Questions

Problem 2CQ

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A wide bid-ask spread implies:
an illiquid market
the way the CBOE works
Oa liquid market
O the normal market conditions on stock exchanges

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