answersLogoWhite

0

Suppose in the New York stock exchange in Wall Street, the full company name flashed across to stock brokers who are frantically trying to sell and buy stock shares. By using abbreviations, it reduces the need for a lengthy name and makes it easier for stock exchange to occur quickly. Much like how one would address someone "Mr. Smith" instead of "Mister Smith."

User Avatar

Wiki User

12y ago

Still curious? Ask our experts.

Chat with our AI personalities

CoachCoach
Success isn't just about winning—it's about vision, patience, and playing the long game.
Chat with Coach
JudyJudy
Simplicity is my specialty.
Chat with Judy
RafaRafa
There's no fun in playing it safe. Why not try something a little unhinged?
Chat with Rafa

Add your answer:

Earn +20 pts
Q: Why do companies use abbreviations for their names like GMAC?
Write your answer...
Submit
Still have questions?
magnify glass
imp