Which of the following statements is FALSE?

Select one:

a. Organized markets are financial markets in which contracts that provide its holder either the obligation or the choice to buy or sell a financial asset are traded.

b. None

c. OTC markets are financial markets whereby geographically dispersed traders are linked to one another via telecommunications systems and computers, trade in securities.

d. A secondary market is a financial market in which financial claims previously issued are exchanged.

.