Page 199 - CAPE Financial Services Syllabus Macmillan_Neat

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02269020/CAPE/KMS 2016 SPEC

FINANCIAL SERVICES STUDIES
UNIT 2 - PAPER 02

KEY AND MARK SCHEME

(d) Difference between OTC and organized exchange
- OTC – Over the Counter market trades securities directly
between investors
- Organized Exchanges – trades securities via a broker
registered on an exchange

1 mark each for differentiating each term