Q926
Trading place where traders meet one another to communicate is classified as
A.
outcry auction system
AnswerB.
outcry system
C.
face to face communication
D.
money communication
Answer: Option A
Solution
Answer: Option A
Solution:
Trading place where traders meet one another to communicate is classified as outcry auction system. Open outcry is a method of verbal and hand signal communication used by traders at stock and futures exchanges. Signals and shouts convey trading information, intentions, and acceptance in the trading pits.